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Tencent ADR rose more than 4% in early trading

Tiger Newspress2021-12-23

Tencent ADR rose more than 4% in early trading.Tencent said on Thursday it will transfer HK$127.69 billion ($16.37 billion) worth of its JD.com stake to shareholders, slashing its holding in China's second-biggest e-commerce company to 2.3% from around 17% now and losing its spot as JD.com's biggest shareholder to Walmart(WMT.N).

The owner of WeChat, which first invested in JD.com in 2014, said it was the right time for the divestment, given the e-commerce firm had reached a stage where it can self-finance its growth.

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Comment67

  • haircut
    ·2021-12-25
    Waiting to buy both stocks 
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    • Kenwong
      👍
      2021-12-26
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  • Kazren
    ·2021-12-25
    Ok
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  • Doge2theMoon
    ·2021-12-24
    👍
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  • Clow
    ·2021-12-24
    👏
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  • robot1234
    ·2021-12-24
    Reward to all loyal shareholders. Well done, Tencent!
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  • tkj
    ·2021-12-24
    Poor JD.COM..... big brother don't want you already..... your shares dropped
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  • TSY123
    ·2021-12-24
    Like
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  • Ooi
    ·2021-12-24
    Let ook
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  • FatKid
    ·2021-12-24
    K
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  • r39
    ·2021-12-24
    [Happy] 
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  • PearlynCSY
    ·2021-12-24
    Solid reward by Top Mgt to shareholders. Tencent said on Thursday it will transfer HK$127.69 billion ($16.37 billion) worth of its JD.com stake to shareholders, slashing its holding in China's second-biggest e-commerce company to 2.3% from around 17% now. 
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    • PearlynCSY
      Tks for sharing
      2021-12-25
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    • PearlynCSY
      Tks for sharing
      2021-12-25
      Reply
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    • PearlynCSY
      Tks for sharing
      2021-12-25
      Reply
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    View more 2 comments
  • ASMH
    ·2021-12-24
    Like 
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  • LifeLearner
    ·2021-12-24
    good news
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  • EHG
    ·2021-12-24
    Like 
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  • claratan
    ·2021-12-24
    Wow 
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  • AlphBeta
    ·2021-12-24
    👍
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  • PiggyBubbles
    ·2021-12-24
    Hi
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    • PiggyBubbles
      Hi
      2021-12-24
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    • ed62
      hi ho
      2021-12-24
      Reply
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  • PiggyBubbles
    ·2021-12-24
    Hi
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  • Limhockmeng
    ·2021-12-24
    Wow 
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  • haircut
    ·2021-12-24
    Christmas gift 
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