JD.com to issue shares worth $220m to Tencent for WeChat access

JD.com to issue shares worth $220m to Tencent for WeChat access

FILE PHOTO: A sign of JD.com is seen at the China Digital Entertainment Expo and Conference, also known as ChinaJoy, in Shanghai, China July 30, 2021. REUTERS/Aly Song

China’s JD.Com Inc said on Wednesday it would issue shares worth $220 million to investor Tencent Holdings Inc over a three-year period to access certain services on the latter’s WeChat platform.