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Why Walmart Is Selling Its Stake in China's JD.com
Posted
August 21, 2024
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August 21, 2024
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2:16Now PlayingWalmart was seeking to raise as much as $3.7 billion by selling its stake in Chinese e-commerce firm JD.com, winding down an eight-year partnership that appears to be paying diminishing returns amid a challenging landscape for Chinese tech giants. Bloomberg tech reporter Annabelle Droulers reports. Walmart ended up raising about $3.6 billion from the stake sale.
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