Key findings: Walmart sold its stake in JD.com at a time when its Chinese business is benefiting from a growing local preference for Costco’s warehouse-style shopping. JD.com continues to face strong competition in China’s tough e-commerce market as consumption in the country remains sluggish By Xiao Lin There are no eternal allies […]
JD.com Inc. JD The stock has entered bearish territory, with a Death Cross a sign of a possible downturn. The e-commerce giant is down 1.16% year-to-date and 20.51% over the past year, although it has posted a slight uptick of 2.6% over the past month. The recent sell-off by Walmart Inc. WMT Adding to the […]
Walmart Inc. WMT has announced plans to sell its stake in the Chinese e-commerce giant and Alibaba-Rival JD.com Inc. JDwhich caused JD.com’s shares to plummet. The decision comes as Walmart shifts its focus to its own operations in China, according to the SEC filing. What happened: Walmart is seeking to raise up to $3.74 billion […]
