Walmart sells JD.com stake to focus on its own China operations

Walmart sells JD.com stake to focus on its own China operations

FILE PHOTO: A view shows the logo of a Walmart store in Ciudad Juarez, Mexico, June 24, 2024. REUTERS/Jose Luis Gonzalez/File Photo

Walmart, the biggest shareholder of Chinese e-commerce firm JD.com, has sold its entire stake, according to a person familiar with the matter, exiting an eight-year investment to focus on its own operations in China.