Tencent headquarters in Shenzhen, China. The company is divesting its investment in JD.com under antitrust pressure from Beijing. Photo: Bloomberg
Tencent headquarters in Shenzhen, China. The company is divesting its investment in JD.com under antitrust pressure from Beijing. Photo: Bloomberg
Tencent

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

  • The market value of JD.com shares to be transferred is estimated at US$16 billion, according to a Tencent statement issued on Tuesday
  • Tencent is under pressure to be a neutral infrastructure service provider amid Beijing’s push for interconnectivity, forcing it to open its ecosystem to JD.com’s rivals

Topic |   Tencent
Tencent headquarters in Shenzhen, China. The company is divesting its investment in JD.com under antitrust pressure from Beijing. Photo: Bloomberg
Tencent headquarters in Shenzhen, China. The company is divesting its investment in JD.com under antitrust pressure from Beijing. Photo: Bloomberg
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