Walmart sells all JD shares as it wants to focus on its own China business · TechNode
US retail giant Walmart has exited its eight-year-old stake in China’s JD, one of the country’s largest e-commerce platforms, according to an SEC filing by Walmart on Tuesday. The American company sold its shares for around $3.7 billion as part of the deal. JD’s Hong Kong-listed shares fell nearly 12% at the opening on Wednesday. […]