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JD.com Leads Losses in China Tech Stocks on Walmart Stake Sale

(Bloomberg) -- China’s tech stocks slumped on concerns over the country’s consumption outlook following Walmart Inc.’s plan to sell its stake in JD.com Inc. and poor earnings from key players. Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemThe Hang Seng Tech Index was down 2.1% as of 11:20 a.m. local time, led lower by a 12% plunge in JD.co