Aug 21, 2024 5:16 PM
Updated Jun 2, 2025 11:27 AM
Walmart sold its entire stake in JD.com for around $3.6 billion, disposing 144.5 million JD.com shares at $24.95 each with an 11% discount to the previous close, while JD.com stock fell on Nasdaq.
Walmart Inc (NYSE:WMT), up 0.5% at $74.97, announced it had sold its entire stake in Chinese e-commerce firm JD.com.
The deal will bank around $3.6 billion of proceeds for the American retail giant. It saw Walmart sell 144.5 million JD.com shares at $24.95 each, a discount of 11% to the preceding day’s closing price.
Walmart had held the stake for eight years. Market pundits say the divestment comes as Walmart is exploring its own operations in China. Whilst Walmart stock edged higher, JD.com’s price plummeted losing over 5% on Nasdaq to $26.71 – having been as low as $26.71.
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