JD Stock: The Tencent News That Has Chinese Tech JD.com Tumbling Today

InvestorPlace2021-12-24

JD.com(NASDAQ:JD) stock is taking a beating on Thursday following news about Tencent(OTCMKTS:TCEHY) giving away its stake in the Chinese e-commerce company. At least, Tencent will give away most of ...

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Comments

haircut
2021-12-25
haircut
Good move
Jess261
2021-12-25
Jess261
Okay
robot1234
2021-12-25
robot1234
I will love to buy at HK250
- NCM:
  Cool
- haircut:
  it is possible with current market situation
TSY123
2021-12-25
TSY123
Like
etan000
2021-12-25
etan000
Ok
MHh
2021-12-24
MHh
Waiting for tencent to give away other shares[Cool]

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It announced a special one-time dividend that will have it distributing shares of JD stock to its shareholders. That will have to reduce its ownership of the company’s stock by 457 million. That will drop its stake from 17% to 2.3%.According to Tencent, it’s reducing its stake in JD.com because the com","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"00700":"腾讯控股","JD":"京东"},"translate_title":"京东股票：今天让中国科技京东暴跌的腾讯控股新闻","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":0.9,"JD":0.9},"content_text":"JD.com(NASDAQ:JD) stock is taking a beating on Thursday following news about Tencent(OTCMKTS:TCEHY) giving away its stake in the Chinese e-commerce company.\nAt least, Tencent will give away most of its stake in the company. It announced a special one-time dividend that will have it distributing shares of JD stock to its shareholders. That will have to reduce its ownership of the company’s stock by 457 million. That will drop its stake from 17% to 2.3%.\nAccording to Tencent, it’s reducing its stake in JD.com because the company is now viable and doesn’t need its support. The Chinese company says that this is simply part of its investment strategy.\nWhile that may be true, there could be other factors at play. Chinese regulators have been cracking down on companies growing too large with fees. It’s possible that Tencent decided to give away the majority of its stake in JD.com to avoid possible action from the government, reports CNBC.\nNo matter the reason, it’s JD stock that is feeling the heat today over Tencent’s move. That includes heavy trading of the shares. As of this writing, more than 18 million shares of the company’s stock have changed hands. That’s already above the company’s daily average trading volume of about 9.5 million shares.\nJD stock is down 6.92% and TCEHY stock is up 5.79% on Thursday. JD stock is down 20.2% since the start of the year and TCEHY stock is down 17.6% year-to-date.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":698268962,"gmtCreate":1640409859704,"gmtModify":1676532452428,"author":{"id":"4102455619608180","authorId":"4102455619608180","name":"haircut","avatar":"https://static.tigerbbs.com/664eac8e1f74f7555d093f964e7bab93","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4102455619608180","authorIdStr":"4102455619608180"},"htmlText":"Good move","listText":"Good move","text":"Good 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will love to buy at HK250","listText":"I will love to buy at HK250","text":"I will love to buy at 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