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China’s tech stocks fell once again on Wednesday as firms backed by Tencent Holdings Ltd. came under pressure after it pared investment in the cohort for a second time in two weeks. The Hang Seng Tech Index fell 4.6 percent— the most since July—in a third straight day of declines,…
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.
Australian shares are set to lift slightly as Wall Street rose but investors continued to be concerned about the surging omicron variant, with the UK reporting 100,000 cases.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
JD Logistics, the logistics arm of Chinese mainland e-commerce giant JD, is likely to raise HK$24.1 billion ($3.1 billion) from its initial public offering in Hong Kong after pricing its shares at the lower half of an indicative range.