3 Bold Reasons Walmart Said Goodbye to JD.com
(NYSE: WMT) recently disclosed that it sold its entire stake in JD.com (NASDAQ: JD), one of China's top e-commerce companies. That exit was surprising, since Walmart had been one of JD's leading investors since 2016 and still held a 9.4% stake in the company earlier this year.
JD's stock sank after the abrupt announcement, but Walmart's stock held steady as investors digested the news. Here are three reasons why the retail giant parted ways with JD, and why that divestment might be a smart move.
Image source: Walmart.
Source Fool.com
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