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 […]
Richard Liu, founder and CEO of JD.com, at a press conference in Beijing in 2018. VCG/VCG via Getty Images Walmart Inc. has announced that it intends to sell its entire stake in Chinese e-commerce giant JD.com. The US retailer is thus adjusting its strategy in the world’s second-largest economy. Shares of fellow listed JD.com plunged […]
