The Best News 2021: Tencent is giving away $16 billion of its stake in JD.com

Thursday, December 23, 2021

Tencent is giving away $16 billion of its stake in JD.com

Tencent is dramatically cutting its stake in JD.com, China's second largest e-commerce company, as it seeks to stay on the right side of Beijing, which has been cracking down on tech giants to rein in their growing power and influence.


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