The US retail giant sold its stake in the Chinese e-commerce giant to focus on its own operations in China, ending an eight-year marriage 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 […]
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 […]
