Category: JD.com
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Walmart Is Seeking Up to $3.74 Billion in Sale of JD.com Stake
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(Bloomberg) — Walmart Inc. is seeking to raise as much as $3.74 billion by selling its stake in Chinese e-commerce company JD.com, ending an eight-year partnership in a retail powerhouse now struggling with an economic slowdown and intense competition. Most Read from Bloomberg The U.S. retailer is offering 144.5 million…