JD.com Tanks 9% On Tencent's Decision To Reduce Stake In Company

Shares of Chinese e-commerce company JD.com are trading down 9 percent on Thursday after tech company Tencent Holdings announced that it would reduce its stake in JD.com and distribute $16.4 billion in JD stock as a dividend to shareholders. Currently at $67.63, the stock has traded between $61.65 and $108.29 during the past 52 weeks. For comments and feedback contact: [email protected] Biotech Stocks Facing FDA Decision In December 2021 Biotech Stocks Facing FDA Decision In November 2021 Biotech Stocks Facing FDA Decision In October 2021