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

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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