Alibaba rival JD.Com plunges over 7% in premarket trading after largest shareholder Walmart sells shares for reportedly $3.74 million – JD.com (NASDAQ:JD), Walmart (NYSE:WMT)
Walmart Inc. WMT has announced plans to sell its stake in the Chinese e-commerce giant and Alibaba-Rival JD.com Inc. JDwhich caused JD.com’s shares to plummet. The decision comes as Walmart…