HONG KONG -- Shares of Chinese e-commerce player JD.com plunged in Hong Kong on Wednesday after U.S. group Walmart sold its entire stake in the online retailer for more than $3 billion.
Business deals
JD.com stock drops as Walmart unloads stake for estimated $3.6bn
U.S. retailer says it wants to focus on its own China operations
As of end March, U.S. retailer Walmart held a 9.4% stake in JD.com, making it the No. 2 shareholder after the Chinese company's founder. It has now sold it all. (Source photos by AP)
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