Will's Blog: Sources: Walmart, JD.com's largest shareholder, is seeking to raise up to $3.74B by selling its stake in the Chinese e-commerce firm; JD falls 9%+ after hours (Amy Or/Bloomberg)

21 August 2024

Sources: Walmart, JD.com's largest shareholder, is seeking to raise up to $3.74B by selling its stake in the Chinese e-commerce firm; JD falls 9%+ after hours (Amy Or/Bloomberg)

Amy Or / Bloomberg:
Sources: Walmart, JD.com's largest shareholder, is seeking to raise up to $3.74B by selling its stake in the Chinese e-commerce firm; JD falls 9%+ after hours — - Walmart is offering shares in $24.85-$25.85/each range — Share sale marks the end of partnership that started in 2016

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