2024-08-21
Walmart sells its https://jd.com/ stake for $3.6 billion at an 11% discount as it winds down their eight-year partnership https://www.bloomberg.com/... via @business
Bloomberg
Sources: Walmart, JD.com's largest shareholder, is raising about $3.6B by selling its stake in the Chinese e-commerce firm; JD falls 9%+
Names Alibaba As Only Name That Has Real Liquidity Philip Whiterow / Proactive : Walmart shares tick higher following JD.Com sale Juro Osawa / The Information : Walmart Sells Stake...