Here's Why JD.Com Shares Are Moving

JD.Com Inc JD shares are trading higher by 6.36% to $43.80 during Thursday's pre-market session. The stock is moving higher after the company announced it intends to spin-off JD Property and JD Industrial by way of a separate listing of the JD Property Shares and JD Industrial Shares on the Main Board of the Hong Kong Stock Exchange.

JD.Com shares also experienced strength during Tuesday's session in sympathy with Alibaba Group Holding Ltd - ADR BABA, which announced a plan to split into six companies.

What Happened With Alibaba Wednesday?

Since its establishment over two decades ago, Alibaba has proposed revamping its operations in its most significant corporate restructuring.

Alibaba will reorganize its businesses into six independently run entities: Cloud Intelligence Group, e-commerce under Taobao-Tmall, Cainiao’s smart logistics operations, Local Services group, Global Digital Business Group, and the Digital Media and Entertainment Group, SCMP reports...Read More

According to data from Benzinga Pro, JD.Com has a 52-week high of $68.29 and a 52-week low of $33.17.