August 21, 2024 07:02 GMT
Walmart (WMT; Aa2/AA/AA) Sells stake in Chinese e-commerce player JD.com
CONSUMER STAPLES
It's raising a reported $3.7b as it sells down the full 10.35% stake. It says it is so it can focus on its own operations (Walmart China and Sam's Club). Soured local sentiment there on the news, JD.com HK shares down -9%.
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