Stocks take a beating after a sell-off in JD.com, erasing gains accumulated during the week. Photo: EPA-EFE
Hong Kong stocks slammed by JD.com after share placement deal while market waits for Meituan earnings surprise
- JD.com to pick up US$692 million worth of new shares in JD Logistics; other investors to buy US$398 million block at 10 per cent discount
- Meituan and SenseTime are both due to issue their earnings report cards after close of trading today
Stocks take a beating after a sell-off in JD.com, erasing gains accumulated during the week. Photo: EPA-EFE
