Walmart soon to be JD.com’s largest shareholder





Photo credit © Reuters

(Boursier.com) – Walmart , the American colossus of mass distribution, will passively become the largest shareholder of JD.com, Chinese e-commerce firm. Indeed, the Chinese group of video games and social networks Tencent has announced that it will distribute to its shareholders a dividend of $ 16.4 billion constituting the bulk of its stake in JD.com. Thus, at the end of the transaction, Tencent’s stake in JD.com would drop from 17% to 2.3%, making Walmart the main shareholder of JD – whose share price loses nearly 9% before market to Wall Street. For now, Walmart owns 9.3% of the capital of JD.com according to the Chinese company.


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