US EditionWalmart sells $3.74 bln JD.com stake to focus on its own China operations
- Walmart Inc. has announced plans to sell its stake in JD.com, leading to a 10% drop in JD.com's shares, reported on Wednesday in Hong Kong.
- The sale could raise approximately $3.74 billion, as Walmart is offering 144.5 million depositary shares priced between $24.85 and $25.85, according to Reuters.
- Walmart stated this decision allows them to focus on their operations in China and other priorities, as mentioned in a CNBC interview.
29 Articles
29 Articles
Walmart sells JD.com stake amid challenging times for Chinese tech giants
Bloomberg and staff reporters Walmart has sold 144.5 million shares in Chinese e-commerce firm JD.com at US$24.95 (HK$194.45) apiece, an 11 percent discount to its Tuesday's close in the US, winding down an eight-year partnership that appears to be paying diminishing returns amid a challenging...
JD.com plummets after Walmart sells its $3.6 billion stake in the Chinese retailer
AP/Ng Han GuanJD.com shares fell 8% on Wednesday after Walmart sold its stake in the Chinese e-commerce company.Walmart sold 144.5 million shares for $3.6 billion, ending an eight-year partnership.Walmart aims to focus on growing its China operations, including Walmart Supercenter and Sam's Club.Shares of Chinese e-commerce retailer JD.com plunged as much as 8% on Wednesday after Walmart disclosed that it sold its stake in the company.Walmart so…
The American retail giant Walmart has sold its entire stake in the Chinese e-commerce company JD.com for about 3.6 billion dollars (3,245 million euros). As reported by Bloomberg and reported by Efe, Wallmart sold 144.5 million shares at a price of 24.95 dollars each, according to knowledgeable sources, representing an 11% discount compared to the close of Tuesday in the United States. The strategic alliance between Walmart and JD.com began in 2…
The American company Walmart, which operates, among other things, a chain of stores, sold its share in the Chinese company JD.com for 3.6 billion dollars (approx. 82 billion crowns). She owns an e-shop of the same name. Walmart wants to develop its own business more in China.
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