JD Jumps After Google Investment -- Market Mover
June 18 2018 - 8:06AM
Dow Jones News
ADRs of Chinese e-commerce retailer JD.com Inc. (JD) were up
7.3% in pre-market trading to $46.75 after Alphabet Inc.'s (GOOG)
Google said it invested $550 million in the company. Google bought
about 27 million newly issued shares of Nasdaq-listed JD.com at
$40.58 each. The deal puts Google's stake in JD.com at about 1%.
(austen.hufford@wsj.com; @austenhufford)
(END) Dow Jones Newswires
June 18, 2018 08:51 ET (12:51 GMT)
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