JD.com, Inc. Class A (HK:9618) has released an update.
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JD.com, Inc. has announced that Walmart Inc. has sold all its shares in the company as of August 20, 2024, according to a filing with the SEC. This disclosure follows unusual price and volume movements in JD.com’s shares on the Hong Kong Stock Exchange, for which the company claims there’s no known reason besides the mentioned sale. Investors are cautioned to consider the risks inherent in JD.com’s weighted voting rights structure, where Class A shares have one vote each, and Class B shares carry twenty votes each.
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