RTTNews | Dec 3, 2021 10:24AM EST

10:23 Friday, December 3, 2021 (RTTNews.com) - Shares of JD.com, Inc. (JD) slipped over 10% on Friday morning despite no stock-related statement from the company to hurt its stock. Meanwhile, Chinese tech stocks are slipping, driven by Didi Global Inc.'s announcement on Thursday to start its U.S. delisting.

JD is currently trading at $75.57, down $8.89 or 10.52%, on the Nasdaq.

The other day, DiDi Global Inc. (DIDI) said its board has authorized to file for the delisting of the company's ADSs from the New York Stock Exchange. The company's ADSs started trading on the New York Stock Exchange on June 30, 2021.

JD.com operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses.

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