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

The deal follows Tencent's sale of a $16.4 billion stake in JD.com to Walmart Inc last year and extends an existing partnership with the WeChat owner.

China's JD.Com Inc said on Wednesday it would issue shares worth $220 million to investor Tencent Holdings In over a three-year period to access certain services on the latter's WeChat platform, Qazet.az reports according to Reuters.

Tencent, which first invested in JD.com in 2014, owns 2.7% of outstanding Class A shares of the company as of March 25, according to a regulatory filing.