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[According to JD.com's 2023 annual report, as of March 31, 2024, Walmart holds 145 million Class A common shares and 72 million American depositary shares of JD.com, with a total of 9.4% equity and 3.1% voting rights, making it the second largest shareholder of JD.com.]

On August 20, Walmart announced in a filing with the U.S. Securities and Exchange Commission that it would reduce its holdings in JD.com. As soon as the news came out, JD.com's stock price plummeted after the opening. When the Hong Kong stock market opened on August 21, JD.com (09618.HK) stock price fell 11.5% to HK$99.3.

Media quoted people familiar with the matter as saying that Walmart is seeking to cash in up to $3.74 billion by selling its shares in JD.com, and plans to sell 144.5 million shares at a price of $24.85 to $25.85.

As of the closing, JD.com's decline narrowed to close at HK$102.4, down 8.73%.

JD.com Group issued an announcement on the evening of the 21st, stating that as of August 20, 2024 (Eastern Time of the United States), Walmart will no longer hold shares in the company.

From increasing holdings to reducing holdings

According to JD.com's 2023 annual report, as of March 31, 2024, Walmart holds 145 million Class A common shares and 72 million American depositary shares of JD.com, with a total of 9.4% equity and 3.1% voting rights, making it the second largest shareholder of JD.com. Liu Qiangdong is the largest shareholder of JD.com, with a total of 340 million shares, 11.2% equity and 70.5% voting rights.