[It is reported that Wal Mart plans to sell JD's equity to raise no more than 3.74 billion dollars] According to insiders, Wal Mart is touting its equity in JD to raise no more than 3.74 billion dollars. According to informed sources, this American retailer is selling 144.5 million shares at a price of $24.85-25.85 per share. Insiders also revealed that Morgan Stanley is responsible for arranging this transaction. JD ADR closed at $28.19 on the US stock market on Tuesday, with a further 10% drop in after hours trading. Calculations show that Wal Mart's asking price is 11.8% lower than JD's closing price on Tuesday at most. In 2016, Wal Mart acquired 5% of the shares of JD and sold its No. 1 store to the latter. Later in the same year, Wal Mart increased its holdings in JD to 10.8%.