Tencent now biggest shareholder in JD.com
The Chinese internet and social media company Tencent Holdings is now the biggest shareholder in the online retailer JD.com. According a report published on Nikkei Asian Review’s website, Tencent now has a 21.25% share in JD.com.
However, the Nikkei Asian Review said that while JD.com CEO Richard Liu Qiangdong has a 16.2% stake, he still holds more than 80% of voting rights.
Tencent first became a major shareholder in JD.com in 2014 with a 15% stake.
