Retail

Tencent to slash stake in Alibaba rival JD.com

Shareholders to receive online retailer's stock as interim dividend

20211223 TENCENT and JD.com

Tencent's surprise move marks the first time it will pay a half-year dividend to public shareholders. (Source photos by AP)

KENJI KAWASE and CISSY ZHOU, Nikkei staff writers
December 23, 2021 12:09 JST
Updated on December 23, 2021 18:17 JST

HONG KONG -- Tencent Holdings will slash its stake in online retailer JD.com by distributing most of its holding to shareholders as a dividend.

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