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JD shares dropped more than 9% in premarket trading.

Tiger Newspress2021-12-23

JD shares dropped more than 9% in premarket trading.

Tencent Holdings Ltd.plans to distribute more than $16 billion ofJD.com Inc.shares as a one-time dividend, representing a near-retreat from the Chinese e-commerce firm that is stoking concerns it will pull away from other marquee investments.

Tencent plans to give out 457.3 million Class A shares in JD.com, representing about 86.4% of its total stake and nearly 15% of the online retailer’s total issued shares, according to a filing to the Hong Kong stock exchange. At Wednesday’s close, the shares in the proposed distribution were worth HK$127.7 billion ($16.4 billion). Tencent, which controls about 17% of JD.com, will hold roughly 2.3% of the e-commerce company’s shares after the handout, JD.com said in a separate statement.

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Comment34

  • LohYK
    ·2021-12-24
    Without the backing of tencent, this definitely erode confidence of the investors
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    • LohYK
      same to u.
      2021-12-25
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    • RonaldSTH
      Merry Christmas!
      2021-12-24
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  • CynthiaGho
    ·2021-12-23
    Like pls
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  • Eded
    ·2021-12-23
    This will serve warning to other tencent backed stocks like SEA . Anytime can get rid …
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  • Chloe26
    ·2021-12-23
    Ok
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  • JunHaoT
    ·2021-12-23
    Too much regulation in China
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  • kerukel88
    ·2021-12-23
    Ok
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  • kerukel88
    ·2021-12-23
    Ok
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  • Zakyboy83
    ·2021-12-23
    Tough result from good news
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  • koolgal
    ·2021-12-23
    Tencent is virtually cutting loose its ownership of JD by giving a massive amount of JD shares to Tencent investors!  This means that JD has gained autonomy but its investors do not like the new development, hence the shares sellout.  However JD has a good management team that will be able to power JD to a great future! This is just a temporary setback for JD. Go JD! 🚀🚀🚀🌙🌙🌙
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    • koolgal
      JD is now free to seek its own path and the future is exciting indeed for JD!
      2021-12-26
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    • koolgal
      It is a great time to bargain hunt JD as it is still a solid company with exponential growth ahead!
      2021-12-26
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    • Kel9670ong
      Thanks for agreeing
      2021-12-25
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    View more 2 comments
  • Tendollar
    ·2021-12-23
    Don see any lights at least in H1 2022.
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  • deathcure
    ·2021-12-23
    Can JD.id compete with Alibaba? i don't think so
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  • stephh
    ·2021-12-23
    Like
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  • ivy888
    ·2021-12-23
    Like 
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    • blingyan
      ooh
      2021-12-23
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    • NgAze
      1
      2021-12-23
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    • jeff123
      there u go
      2021-12-23
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  • ValAly
    ·2021-12-23
    Hi
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  • ValAly
    ·2021-12-23
    Like
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  • MHh
    ·2021-12-23
    Fundamentals still good but not in line with the direction of Tencent?
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  • ValAly
    ·2021-12-23
    Like
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  • granola
    ·2021-12-23
    Hi!
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  • granola
    ·2021-12-23
    Hi!
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  • JimmyChua
    ·2021-12-23
    Hmmm
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    • ivy888
      ok
      2021-12-23
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