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Walmart sells $3.74 billion stake in JD.com to focus on its China business


Walmart sells .74 billion stake in JD.com to focus on its China business

STORY: Walmart has sold its entire stake in Chinese company JD.com, according to a source. The company was the e-commerce company’s largest shareholder, but is now withdrawing from its eight-year stake to focus on its own China business. The source said a placement of Walmart shares was fully subscribed and would be valued at $3.74 […]