{"id":846698,"date":"2024-08-22T09:41:56","date_gmt":"2024-08-22T04:11:56","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=846698"},"modified":"2024-08-22T09:46:20","modified_gmt":"2024-08-22T04:16:20","slug":"walmart-seeks-to-raise-3-74-bn-in-sale-of-jd-com-stake-term-sheet-shows","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/22\/walmart-seeks-to-raise-3-74-bn-in-sale-of-jd-com-stake-term-sheet-shows\/","title":{"rendered":"Walmart seeks to raise $3.74 bn in sale of JD.com stake, term sheet shows"},"content":{"rendered":"<p>Chinese e-commerce firm JD.com said on Wednesday top shareholder Walmart had sold its entire stake after an eight-year investment, as the US retail giant focuses on its own operations in China. <\/p>\n<p>A placement of the shares was fully subscribed, a person familiar with the matter told Reuters, and would be worth $3.74 billion at the top end of the offered range. <\/p>\n<p>The US company entered the partnership in 2016, after selling its Chinese online grocery store Yihaodian in return for a 5 per cent stake in JD.com worth about $1.5 billion based on the firm&#8217;s market value at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese e-commerce firm JD.com said on Wednesday top shareholder Walmart had sold its entire stake after an eight-year investment, as the US retail giant focuses on its own operations in China. A placement of the shares was fully subscribed, a person familiar with the matter told Reuters, and would be worth $3.74 billion at the top end of the offered range. The US company entered the partnership in 2016, after selling its Chinese online grocery store Yihaodian in return for a 5 per cent stake in JD.com worth about $1.5 billion based on the firm&#8217;s market value at the time.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-846698","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=846698"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846698\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=846698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=846698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=846698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}