FX.co ★ Walmart Plans To Raise Up To $3.74 Bln In Sale Of JD.com Stake : Report

Walmart Inc. (WMT) aims to raise approximately $3.74 billion by divesting its stake in the Chinese e-commerce giant JD.com Inc., according to sources cited by Bloomberg. The American retail behemoth currently holds a 5.19% stake in JD.com and has proposed selling 144.5 million shares within a price range of $24.85 to $25.85 per share.