Tencent, through its wholly owned subsidiary Huang River Investment Limited, has cut its stake in JD. com to 17.1%, according to JD.com's SC 13D/A filing with the U.S. Securities and Exchange Commission (SEC).
The document shows that Huang River Investment Limited now holds 527,207,099 Class A ordinary shares in JD. com. Based on the entire 3,090,371 ,009 ordinary shares, Huang River Investment Limited's shareholding ratio is down to 17.1%.
By contrast, JD.com's 20-F filing with the SEC in April this year showed that as of Feb. 29, 2012, Tencent held 17.9% of JD. com through Huang River Investment Limited.
At that time, Huang River Investment Limited held 525,192,715 Class A ordinary shares in JD. com.
In May of this year, JD.com issued 2,938,584 shares of Class A common stock to Huang River Investment Limited for $68.16 million.
As of February 29 of this year, JD.com Chairman of the Board of Directors Liu Qiangdong held a 15.1% stake in the company. With a voting power of 78.5%.
JD.comย shares went down 3.54 percent on Friday. The stock went up by 65 percent this year.
On Friday, cnTechPost reported that Tencent bought 1.68 million ADSs of Chinese electric car maker Nio through Yellow River Investment Limited, according to Nio's filing with the U.S. Securities and Exchange Commission.
This represents 1.68 million shares of Nio's Class A common stock at a cost of $10 million.
Nio previously announced the completion of the issuance of an additional 72 million ADSs, each ADS representing one share of the company's Class A common stock, with the issuance of The price was US$5.95.
At that time, Nio indicated that existing shareholder Tencent was interested in subscribing for up to $10 million worth of ADSs in the offering.
Following the increase, as of June 10, Tencent owned approximately 159 million ordinary shares of Nio, or 15.1 percent of Nio's shares.
Nio went up by 7 percent in pre-market trading on Monday. The stock went up by 97 percent this year.
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