Tencent plans to issue nearly all of its shares in JD.com worth $16.37B to shareholders as a dividend, reducing its stake from 17% to about 2.3% (Reut

[Techmeme]

Reuters:
Tencent plans to issue nearly all of its shares in JD.com worth $16.37B to shareholders as a dividend, reducing its stake from 17% to about 2.3% — Chinese gaming and social media company Tencent (0700.HK) will hand a $16.4 billion JD.com (9618.HK) stake as a dividend to its shareholders …