Tencent to give $16.4 billion JD.com stake to shareholders as dividend

Tencent will distribute $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.

from Tech-Economic Times https://ift.tt/3pkoyXk