Tencent to distribute most of JD.com stake to shareholders By Reuters
© Reuters. FILE PHOTO: A Tencent logo is seen in Beijing, China September 4, 2020. REUTERS/Tingshu Wang
(Reuters) – Gaming and social media giant Tencent said on Thursday it would distribute most of its JD (NASDAQ:).com stake that it indirectly holds to its shareholders, essentially slashing its stake in the e-commerce firm.
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