沃爾瑪

Why Walmart’s JD.com investment had waning strategic value

China’s ecommerce groups are losing their lustre as an investment

Experienced investors in China’s tech sector have seen this before. Walmart’s surprise plan to sell its stake in JD.com pushed shares of the Chinese ecommerce giant down more than 10 per cent in Hong Kong on Wednesday morning.

That mirrors the decline in JD.com shares when internet group Tencent handed over most of its JD.com stake as a dividend to its shareholders three years ago. But Walmart’s withdrawal comes at a significantly more difficult time for China’s tech stocks.

Walmart — which after Tencent’s 2001 move was JD.com’s biggest shareholder — has cut its nearly 10 per cent holding in JD.com to zero. Walmart could raise about $3.6bn by selling its stake in the company.

您已閱讀27%(682字),剩餘73%(1886字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。
版權聲明:本文版權歸FT中文網所有,未經允許任何單位或個人不得轉載,複製或以任何其他方式使用本文全部或部分,侵權必究。
設置字型大小×
最小
較小
默認
較大
最大
分享×