Translated by Nicola Mira Published 28 August 2024 On Tuesday, Chinese e-commerce specialist JD.com announced that its board had approved a new share buyback program worth $5 billion (€4.48 billion). The program is set to begin in September and will allow the Chinese e-commerce giant to buy back a significant portion of its capital over […]
From Reuters Published 13 June 2014 Fernando Madeira comes to his new job as head of Wal-Mart Stores’ online business with a reputation as an e-commerce expert after overseeing a significant increase in the retailer’s online sales in Latin America. In his expanded role, the Brazilian business veteran faces an even more demanding challenge: He […]
By Casey Hall and Sophie Yu SHANGHAI/Beijing (Reuters) – E-commerce retailer JD.com must convince investors of its relevance in the face of a stagnating Chinese e-commerce market, an aggressive price war and now the exit of its largest shareholder Walmart. Walmart this week announced its full exit from the Beijing-based e-commerce platform and sold its […]
By Casey Hall and Sophie Yu SHANGHAI/Beijing (Reuters) – E-commerce retailer JD.com must convince investors of its relevance in the face of a stagnating Chinese e-commerce market, an aggressive price war and now the exit of its largest shareholder Walmart. Walmart this week announced its full exit from the Beijing-based e-commerce platform and sold its […]
Walmart has sold its shares in Chinese e-commerce company JD.comand ended its direct investments in the Alibaba Rival after more than eight years. The relationship began when Walmart sold its Chinese e-commerce operations to JD.com in June 2016, 5% share in the company as part of the deal. By February 2017, Walmart had increased its […]
CLN CraneShares JD & Walmart: Since 2016 Walmart and JD.com first joined forces on June 20, 2016, when Walmart traded its Chinese e-commerce business called Yihaodian for a 5 percent stake in JD.com (145 million shares) valued at $1.5 billion when JD.com’s U.S. listing was at $21.06. The stake was increased to a total of […]
JD.com’s Hong KongThe listed shares fell 10 percent to HK$101.10 as of 2:23 p.m. local time on Wednesday, triggering a broader sell-off in Chinese e-commerce and technology stocks. Walmart is refining its strategy in the world’s second-largest economy, where its long-time e-commerce partner is struggling as are major competitors Alibaba Group Holding And PDD investmentsOwner […]
JD.com’s Hong KongThe listed shares fell 10 percent to HK$101.10 as of 2:23 p.m. local time on Wednesday, triggering a broader sell-off in Chinese e-commerce and technology stocks. Walmart is refining its strategy in the world’s second-largest economy, where its long-time e-commerce partner is struggling as are major competitors Alibaba Group Holding And PDD investmentsOwner […]
