Why Are JD.com Shares Trading Lower Today?


JD.com Inc JD CEO Richard Liu looks to donate 62.4 million shares to a third-party charitable organization. The donation is worth $2.34 billion based on JD.com's Tuesday closing price of $75.08.

  • The Chinese tech sector is amid a massive crackdown over antitrust concerns.
  • Related Content: How Tencent Aims To Dodge China's Tech Crackdown
  • Liu founded JD in 2004 as an online sales platform for electronics. The company has grown into an e-commerce titan with more than $100 billion in annual revenue. 
  • Previously Alibaba Group Holding Ltd BABA committed 100 billion yuan ($15.5 billion) over five years to Chinese President Xi Jinping's "common prosperity" vision.
  • Price Action: JD shares traded lower by 3% at $72.82 on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsMoversTechTrading IdeasBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!