Retail giant Walmart (WMT) has decided to divest all of its shares and end its eight-year partnership with Chinese e-commerce platform JD.com (JD), a move that raises questions about the wider impact on China’s e-commerce landscape. Brendan Ahern, Chief Investment Officer of KraneShares, joins Market Domination Overtime to analyze this development. Ahern points out that […]
Walmart is expanding its own interests in China. According to a Bloomberg report, the supermarket giant sold its stake in JD.com for $3.6 billion. More from Sourcing Journal A Walmart spokesperson stressed that the company remains “interested in a continued business relationship” with JD, but indicated that the move comes at a time when Walmart […]
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 […]
The Republican candidate for vice president has divided the internet, with some claiming he made a faux pas in Philly and others saying it was an old joke about John Kerry’s Swiss cheesesteak. Ohio Senator JD Vance surprised many Philadelphians when the Republican candidate for vice president visited a popular cheesesteak place and asked why […]
The Republican candidate for vice president has divided the internet, with some claiming he made a faux pas in Philly and others saying it was an old joke about John Kerry’s Swiss cheesesteak. Ohio Senator JD Vance surprised many Philadelphians when the Republican candidate for vice president visited a popular cheesesteak place and asked why […]
Market overview The stock market seemed to be waiting for important events that could lead to more active trading on Wednesday. Today’s session brought slight losses for the major indexes, ending an eight-day winning streak for the S&P 500 and the Nasdaq Composite. It was essentially a consolidation day, with neither buyers nor sellers showing […]
The Republican candidate for vice president has divided the internet, with some claiming he made a faux pas in Philly and others saying it was an old joke about John Kerry’s Swiss cheesesteak. Ohio Senator JD Vance surprised many Philadelphians when the Republican candidate for vice president visited a popular cheesesteak place and asked why […]
I didn’t know I was in the Matrix Editor’s note: Following Democratic presidential candidate Kamala Harris’ rally in metro Detroit earlier this month, former President and Republican candidate Donald Trump falsely claimed in a social media post that crowd images were doctored using generative AI. I thought it was real. I thought I had actually […]
