Walmart sells $3.74 bln JD.com stake to focus on its own China operations

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…

Walmart Offloads JD.com Stake for $3.6 Billion

Walmart has sold its entire stake in JD.com, raising $3.6 billion and ending an eight-year investment in the Chinese e-commerce company.

JD.com stock drops as Walmart unloads stake for estimated $3.6bn

HONG KONG -- Shares of Chinese e-commerce player JD.com plunged in Hong Kong on Wednesday after U.S. group Walmart sold its entire stake in the online

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.