Tencent to offload US$16 billion stake in No 2 e-commerce player JD.com as China's antitrust pressure mounts

Tencent Holdings said it would distribute most of its shares in JD.com as a special dividend to investors, as China’s dominant social media network made a surprise move to pare back its stake in the country’s second-largest e-commerce platform in response to Beijing’s antitrust demands.

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