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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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Comment10

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