Tencent Sells JD and SEA - What's Happening?

Tencent Sells JD and SEA - What's Happening?

 

Tencent released its stake in JD.com and will hand out $16.4 billion in dividends to its shareholders. It also sold 14.5 million shares of SEA Ltd, a Singapore-based gaming and e-commerce firm, thus reducing its stake from 21.3% to 18.7%.

In today's video, we look into the reasons behind these divestment moves and what it means moving forward for Tencent and its shareholders.

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