Walmart sells entire JD stock as it looks to focus on its own Chinese businesses
Published on: 2024-08-22
category: تقنية
US retail giant Walmart has exited its eight-year holding in China’s JD, one of the country’s largest e-commerce platforms, according to an SEC filing from Walmart on Tuesday. The American firm sold its shares for around $3.7 billion in the deal. JD’s Hong Kong-listed shares fell nearly 12% at the Wednesday opening. To stabilize the […]
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US retail giant Walmart has exited its eight-year holding in China’s JD, one of the country’s largest e-commerce platforms, according to an SEC filing from Walmart on Tuesday. The American firm sold its shares for around $3.7 billion in the deal. JD’s Hong Kong-listed shares fell nearly 12% at the Wednesday opening. To stabilize the […]