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3 Bold Reasons Walmart Said Goodbye to JD.com

TheMotleyFool 
0 0 28.08.24
3 Bold Reasons Walmart Said Goodbye to JD.comPhoto, wide shot, wide-angle lens, Specialty food store, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/7a8f69d5-c26e-46d9-b403-d3e5e9562eca.png
 

(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.

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Source Fool.com

Walmart Inc. Stock

€96.57
-0.160%
The price for the Walmart Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.150 (-0.160%).
With 99 Buy predictions and not a single Sell prediction Walmart Inc. is an absolute favorite of our community.
As a result the target price of 109 € shows a slightly positive potential of 12.87% compared to the current price of 96.57 € for Walmart Inc..
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