Today news
About the same in other media
JD.com tanks after Tencent says it will give away most of its stake in e-commerce giant to shareholders
Reading now: 607
In this article
JD.com plummeted Thursday after Tencent announced it will be giving most of its shares in the Chinese e-commerce giant away to its shareholders.
Tencent said it will declare a one-time dividend in which it will distribute more than 457 million Class A ordinary shares of JD.com to shareholders, with a total value of approximately 127.7 billion Hong Kong dollars (about $16.37 billion).
Tencent has investments in several companies, including other large Chinese internet companies
Read more on cnbc.comAbout this in other media
London Stock Exchange posts best IPO haul since 2007 amid Brexit pressure fnlondon.com /2 years ago
London Stock Exchange backs bumper IPO fundraise to withstand renewed pressure from overseas fnlondon.com /2 years ago
S Korea Now Has 24 Licenced Crypto Exchanges – But Most Are Stuck in Crypto-to-Crypto Purgatory cryptonews.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
