Tencent increased its holdings to 21.25%, the largest shareholder of Jingdong Stock

On August 19th, documents disclosed by the US Securities and Exchange Commission (SEC) showed that Tencent’s Huanghe Investment increased its holding of Jingdong’s 8.2 million American Depositary Shares (ADS) during the period from August 12 to 18, equivalent to 16.03 million shares of Jingdong A. Class stocks.

As of August 17, Tencent’s shareholding in Jingdong rose from 17.6% in May 2014 to 21.25%, surpassing Liu Qiangdong (microblogging) and becoming the largest shareholder of JD.

Driven by this news, Jingdong's US listed stock rose 1.85% to $25.87.

Tencent increased its holdings to 21.25%, the largest shareholder of Jingdong Stock

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