Walmart is expected to raise $3.6 billion by selling its stake in JD.com, ending the 8-year partnership
JD.com’s Hong KongThe listed shares fell 10 percent to HK$101.10 as of 2:23 p.m. local time on Wednesday, triggering a broader sell-off in Chinese e-commerce and technology stocks. Walmart is refining its strategy in the world’s second-largest economy, where its long-time e-commerce partner is struggling as are major competitors Alibaba Group Holding And PDD investmentsOwner […]
