Summary by Futu AI
Fortune Rising Holdings Ltd, an affiliate of JD.com, Inc., is set to sell 160,000 American Depositary Shares (ADS), each representing two Class A ordinary shares of JD.com, on July 1, 2024. The aggregate market value of the shares to be sold is approximately $4,678,400. These shares were originally acquired on May 9, 2014, as part of a redesignation of shares issued under JD.com's Share Incentive Plan for employees. The upcoming sale follows a series of transactions over the past three months, where a total of 126,374 ADS were sold for gross proceeds of nearly $3,957,117. The notice for the planned sale was filed on June 28, 2024.