Wal-Mart (WMT) Raises Stake in JD.com (JD) to 10.8%

October 5, 2016 5:18 PM EDT

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An amended 13G filing on JD.com (NASDAQ: JD) showed Wal-Mart (NYSE: WMT) raised its stake to 265,310,428 shares, or 10.8%.

As part of a June agreement between the two, Walmart received 144,952,250 newly issued JD.com Class A ordinary shares, amounting to approximately 5 percent of total shares outstanding and the companies partnered in several strategic areas.

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