JD.com Stock Slides as Walmart Sells Stake
JD.com Inc (NASDAQ:JD) stock is sliding today, after Walmart (WMT) confirmed it was selling its stake in the China-based e-commerce giant to focus on other things such as China operations for Walmart China and Sam's Club.
JD.com Stock Sinks as Walmart Sells Stake in China E-Commerce Firm
U.S.-listed shares of JD.com (JD) tumbled Wednesday as Walmart (WMT) confirmed that it sold its stake in the Chinese e-commerce giant.
Walmart shares tick higher following JD.Com sale
Walmart Inc (NYSE:WMT, ETR:WMT) might have pulled the rug from the share price of JD.Com overnight, but the retail giant's investors seemed far happier with the decision to sell all its stake in the Hong Kong-listed e-commerce platform. Shares in Walmart were up more than 1% today at US$75.36 following a near 10% drop for JD.Com overnight.
Walmart Emerges As a Winner, Despite Evidence of Consumer Spending Slowdown. Time to Buy the Stock?
While consumer spending may be slowing, Walmart continued to put up strong results. The retailer of low-priced goods is bringing higher-income customers into its stores.
Walmart Sells JD.com Shares Amid Increased Focus on China
Walmart has sold its entire stake in Chinese eCommerce giant JD.com. The move, announced in a securities filing Tuesday (Aug. 20), comes as Walmart is increasing its own focus on China's retail sector.
JD.com Leads Chinese Tech Stocks Lower. Why Walmart's Stake Sale Is a Big Worry.
Chinese tech stocks were tumbling on Wednesday, as news of Walmart's plan to ditch its entire stake in the e-commerce company JD.com spooked investors.
Walmart sells entire stake in JD.com, reportedly for nearly $4 billion
JD.com's top shareholder Walmart has reportedly sold the entirety of its stake in the Chinese e-commerce giant for $3.6 billion, causing shares in the Beijing headquartered company to drop sharply.
JD.com falls by over 10% on reports of Walmart stake sale
Shares of Chinese e-commerce giant JD.com plummeted 10% on Wednesday in Hong Kong after Walmart confirmed its intention to sell its stake in the company. The US retail giant, which has been a strategic partner of JD.
Walmart Reportedly Wants To Sell JD.com Stake For Up To $3.74 Billion
Walmart Inc. says it's looking to sell its entire stake in Chinese e-commerce giant JD.com, as the American retailer adjusts its strategy in the world's second-largest economy.
JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake sale
Walmart said to CNBC the decision to sell its stake will allow the company to "focus on our strong China operations for Walmart China and Sam's Club, and deploy capital towards other priorities." Walmart entered into a strategic alliance with the Chinese company in June 2016.
JD.com Dives As Walmart Reportedly Sells Big Stake In E-Commerce Giant
JD.com dived overnight on a report that Walmart is selling its stake in the Chinese e-commerce giant at a big discount.
Walmart seeks to raise $3.74 bln in sale of JD.com stake, Bloomberg News reports
U.S.-based retailer Walmart is seeking to raise up to $3.74 billion by selling the company's stake in Chinese e-commerce firm JD.com , Bloomberg News reported on Tuesday, citing people familiar with the matter.
