JD.com Jumped Over 5% in Premarket Trading After Tencent-Backer Prosus Unloaded Nearly $4 Billion of Its Stock

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JD.com Jumped Over 5% in Premarket Trading After Tencent-Backer Prosus Unloaded Nearly $4 Billion of Its Stock

Tiger Newspress2022-06-27

JD.com jumped over 5% in premarket trading after Tencent-backer Prosus unloaded Nearly $4 billion of its stock.

Naspers subsidiary Prosus NV sold more than 131.8 million shares in JD it got from Tencent Holdings Ltd., about a 4% stake in the online retailer, Prosus said in a statement. “JD.com does not form part of the group’s core strategic focus,” it said in a filing Monday.

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Smash
·2022-06-27
nice
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jonkbk
·2022-06-27
Ya why is it good news?
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Andy Fong
·2022-06-27
Ok
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MGHuat
·2022-06-27
ok
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Zarkness
·2022-06-27
Y sold off is good news?
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7
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Shawrac
·2022-06-27
Nice
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Edwardtoh
·2022-06-27
Good
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happymoney
·2022-06-27
Yes
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