Walmart Reportedly Wants To Sell JD.com Stake For Up To $3.74 Billion

Richard Liu, founder and CEO of JD.com, at a press conference in 2018 in Beijing.VCG/VCG via Getty ImagesWalmart 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.Shares of the dual-listed JD.com plunged as much as 12% in Hong Kong on Wednesday after falling 10% in after-market trading on the Nasdaq overnight. In a statement sent to Forbes, a Walmart spokesperson confirmed the company’s inte ...