What: Walmart is aiming to raise as much as USD 3.74 billion by selling its stake in Chinese e-commerce firm JD.com, offering 144.5 million shares at a discounted price range.

Why it is important: This sale signals the end of Walmart's strategic partnership with JD.com, which began in 2016 as part of Walmart's efforts to strengthen its presence in the Chinese market. The divestment also reflects Walmart's strategic shifts as it reassesses its international investments.

Walmart Inc. is planning to sell its stake in JD.com, seeking to raise it to USD 3.74 billion by offering 144.5 million shares at a discounted price range of USD 24.85 to USD 25.85. The move marks the conclusion of Walmart's partnership with JD.com, a relationship that began in 2016 when Walmart first acquired a stake in the Chinese e-commerce company to bolster its online presence in China. The sale, handled by Morgan Stanley, represents a significant shift in Walmart's international strategy as it continues to optimize its global portfolio.

Walmart seeks up to USD 3.74 billion by selling stake in JD.com