Page 2 - Chen Da News Today

Tencent Holdings Ltd (騰訊) plans to distribute more than US$16 billion of JD.com Inc (京東) shares as a one-time dividend, representing a near-retreat from the Chinese e-commerce firm that is stoking concerns it is to pull away from other marquee investments. The surprise move to divest most of its stake in China’s No. 2 online retailer comes as Beijing punishes the country’s tech giants for monopolistic behavior, including maintaining closed ecosystems that favor certain companies at t...