Tencent Offloads $16.37B Worth of JD Stakes to Shareholders

Tencent Offloads $16.37B Worth of JD Stakes to Shareholders

The stake, worth HK$127.69 ($16.37 billion), sees Tencent reduce its stake in JD.com from 17% to 2.3% after the distribution. Tencent will no longer be JD.com’s largest shareholder after the transfer,

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