.August 23, 2024 02:45:19 AM

Walmart’s decision to sell its stake in NASDAQ:JD, also known as JD.com Inc, has led to a downturn in the company’s stock value. This move by Walmart signifies a strategic shift and could impact investor perception of JD.com’s market position. Bernstein has downgraded JD.com to “Market Perform” and lowered its price target, reflecting uncertainties in the company’s future performance. These developments highlight a period of transition for JD.com, challenging the company to reassess its strategies in the evolving e-commerce landscape.