By Benjamin Chiou
Date: Wednesday 21 Aug 2024
(Sharecast News) - Shares in JD.com tanked in Hong Kong on Wednesday after American retail titan Walmart signalled its intention to dispose of its stake in the Chinese ecommerce giant worth $3.7bn.
According to a term sheet cited by Reuters, Walmart is offering 144.5m American depositary shares priced at $24.85-$25.85, seeking...
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