Summary by Moomoo AI
JD.com announced on August 20, 2024, Eastern Time, that Walmart has sold all of its shares in JD.com according to the disclosure in Schedule 13G/A filed with the Securities and Exchange Commission. JD.com stated that after the transaction, there were changes in stock price and trading volume, but the company is not aware of any other reasons besides Walmart's share sale, nor any undisclosed insider information. The share capital structure of JD.com includes Class A and Class B common stocks, and it is listed on the Nasdaq Global Select Market in the USA under the stock code JD. Investors should be aware of the risks of investing in companies with different voting rights structures. The announcement was issued by Mr. Richard Liu, the Chairman of the Board of Directors, on August 21, 2024.