HONG KONG, Aug 20 (Reuters) – Walmart (WMT.N), opens new tab, the biggest shareholder of Chinese e-commerce firm JD.com (9618.HK), opens new tab, , has sold its entire stake, according to a person familiar with the matter, exiting an eight-year investment to focus on its own operations in China.

A placement of the Walmart shares was fully subscribed, the person said, and at the top end of the offered range would be worth $3.74 billion.