Tencent Holdings Stock News

Recently JD.com Inc (NASDAQ:JD) declared the exit of Martin Lau from the board and Tencent Holdings Ltd's (OTC:TCEHY) plan of distributing 457.3 million JD shares to Tencent shareholders to redu

Tencent's JD.com spinoff announcement sent shares soaring on Thursday.

Tencent, a Chinese tech holding company, is chopping its stake in JD.com, the second-largest e-commerce firm in the country. The move is reportedly an effort to get on the good side of the local government that has

China Gives Celebrities & Social Media Influencers 10 More Days To Pay Taxes Owed Beijing has been busy in recent days preparing to implement President Xi Jinping''s "Common Prosperity" agenda by shaking down social media influencers and China''s biggest tech firms alike for contributions to the fund Xi is apparently raising to finance more economy-boosting projects in rural areas. As we reported the other day, Beijing just fined one of the country''s top streaming stars $210M and accused her of concealing income booked in 2019 and 2020. And just last night, it was reported that Tencent is being essentially forced to distribute $16 billion of shares from its holdings in JD.com to shareholders after getting the tap from the CCP that it''s time to share some of its winnings, and also give up some control as the CCP fundamentally hopes to weaken the power held by individual tech firms and the billionaire founders who control them. And now, tax authorities in Beijing and Shanghai are reminding social media influencers and anyone else in danger of being targeted by tax authorities that they have 10 more days to pay what they owe, or face severe punishment.

(RTTNews) - Chinese holdings company, Tencent Holdings Limited (TCEHY), has announced that it will be giving away 457 million Class A shares of the e-retail company, JD.com, Inc (JD), worth $16.4 billion. The news has resulted in a 7% drop in JD stock during regular trading on the market. The holding company said that it will distribute the

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JD.com (JD) stock is taking a beating Thursday following news about Tencent (TCEHY) giving away its stake in the Chinese e-commerce company.

Tencent Holdings Ltd (OTC: TCEHY ) divested the majority of its stake in JD.com Inc (NASDAQ:

This article was originally published on TipRanks.com Nasdaq listed JD. The post Tencent to Reduce Stake in JD.com to 2.3%; Shares Slide appeared first on Smarter Analyst .

By Laura He, CNN Business China tech giant Tencent is dramatically cutting its stake in JD.com, China''s second largest e-commerce company, as it seeks to stay

Chinese multinational technology conglomerate Tencent has decided to divest most of its shares in the e-commerce group JD.com. The company Read More... The post Tencent divests $16bn worth stake in Chinese e-commerce group JD.com appeared first on Verdict Retail .

Futures Ramp Above 4,700 On Growing Omicron Optimism If you had gone to bed on Thanksgiving after eating a little too much tryptophan and only woken up today, roughly one month later, you would have completely avoided a rollercoaster move in global markets, and much of the omicron panic, with the S&P now trading precisely where it was the night before scattered reports of Omicron in South Africa sparked a global selloff. As of 730am, e-mini S&P futures were trading at exactly 4,700, up 14 points or 0.3% - and once again less than 1% from all time highs - on rising hopes the omicron variant wont impact global growth even as officials remain cautious about its spread, after studies showed its less severe than other strains; Dow Jones futures also rose 0.3% while Nasdaq 100 futures were 0.2% higher. US Treasury yields rose, the 10Y trading at 1.475%, while the USD index traded flat. The pound rose as traders stepped up bets on a Bank of England rate hike. Soaraing European natural gas prices plunged more than 20% as this years rally attracted a flotilla of U.S. cargoes, helping offset lower flows from Russia.