Walmart sells JD.com shares amid increasing focus on China
Walmart has sold its entire stake in Chinese e-commerce giant JD.com. The move, announced in a securities filing on Tuesday (August 20), comes as Walmart increases its own focus on…
Walmart has sold its entire stake in Chinese e-commerce giant JD.com. The move, announced in a securities filing on Tuesday (August 20), comes as Walmart increases its own focus on…
By Siddharth Cavale NEW YORK (Reuters) – Walmart’s investment in Chinese e-commerce company JD.com was once a central part of its China strategy. Now the company is breaking with that…
Walmart is expanding its own interests in China. According to a Bloomberg report, the supermarket giant sold its stake in JD.com for $3.6 billion. More from Sourcing Journal A Walmart…
Shares of JD.com (NASDAQ:JD) fell today due to the news that Walmart (NYSE: WMT) has sold its stake in the Chinese e-commerce company, according to a filing with the US…
Jaque Silva / SOPA Images / LightRocket via Getty ImagesKey findingsJD.com's U.S.-listed shares plunged on Wednesday as Walmart confirmed it had sold its stake in the Chinese e-commerce giant.The sale…
(Bloomberg) — Shares of Chinese technology companies slumped on concerns about the country’s consumption outlook after Walmart Inc. agreed to sell its stake in JD.com Inc. and major players reported…
By Kane Wu and Summer Zhen HONG KONG (Reuters) – Walmart, the largest shareholder in Chinese e-commerce company JD.com, has sold its entire stake, a person familiar with the matter…
(Reuters) – U.S. retailer Walmart plans to raise up to $3.74 billion by selling its stake in Chinese e-commerce company JD.com, according to a letter of intent seen by Reuters…
(Bloomberg) — Shares of Chinese technology companies slumped early Wednesday after a series of negative news from the country’s consumer sector rocked U.S.-traded shares of comparable companies. Most read by…
(Bloomberg) — Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com Inc., people familiar with the matter said. Most…