RTTNews | Dec 23, 2021 10:55AM EST

10:55 Thursday, December 23, 2021 (RTTNews.com) - Shares of Chinese e-commerce company JD.com (JD) are trading down 9 percent on Thursday after tech company Tencent Holdings announced that it would reduce its stake in JD.com and distribute $16.4 billion in JD stock as a dividend to shareholders.

Currently at $67.63, the stock has traded between $61.65 and $108.29 during the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3251377/jd-com-tanks-9-on-tencent-s-decision-to-reduce-stake-in-company.aspx)

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