"Stock Market Briefing": JD.com's US stocks fell 7.5% pre-market, continuing its decline, as Walmart unexpectedly sold its stake in JD.com
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JD.com's US stock fell by 7.5% in pre-market trading, while its Hong Kong stock plummeted by 12% at one point. Walmart is seeking to raise up to $3.74 billion by selling JD.com shares to focus on its business in China. Analysis points out that Walmart and JD.com are both partners and competitors, leading to short-term fluctuations in JD.com's stock price. JD.com's Hong Kong stock has fallen by nearly 9% year-to-date, while its US stock has dropped by 2.5%
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