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 […]
Does Sam’s Club have the edge in the membership club hot dog war? The Walmart-owned warehouse club and its biggest competitor, Costco, have been locked in a fierce battle in every category imaginable since both chains were founded in the 1980s. The stores are on par with each other in everything from member pricing and […]
Dusan Stankovic / iStock.com There are significant costs associated with back-to-school. You’ll need money for extracurricular activities, school registration, textbooks, dorm rooms, and school supplies. These costs can add up significantly, which is why it’s important to know how to save as much money as possible on back-to-school essentials. Find out: 7 Best New Foods […]
Dusan Stankovic / iStock.com There are significant costs associated with back-to-school. You’ll need money for extracurricular activities, school registration, textbooks, dorm rooms, and school supplies. These costs can add up significantly, which is why it’s important to know how to save as much money as possible on back-to-school essentials. Find out: 7 Best New Foods […]
AP/Ng Han Guan JD.com shares fell 8% on Wednesday after Walmart sold its stake in the Chinese e-commerce company. Walmart sold 144.5 million shares for $3.6 billion, ending an eight-year partnership. Walmart wants to focus on expanding its operations in China, which include Walmart Supercenter and Sam’s Club. Shares of Chinese e-commerce retailer JD.com fell […]
Walmart Inc. WMT, known for its bold moves to improve its operations, has divested its entire stake in JD.com, sources revealed. The move represents a significant shift in the US retail giant’s strategy and will allow Walmart to focus more on strengthening its core businesses in China, including Walmart China and Sam’s Club. Experts also […]
By Kane Wu, Summer Zhen HONG KONG (Reuters) – Walmart has sold its entire stake in JD.com worth about $3.7 billion, ending an eight-year investment in the Chinese e-commerce company that had been generating only modest returns. The U.S. retail giant also said it would focus on its own operations in China. The move comes […]
Walmart Inc. has enjoyed such success due to its strong China business that the company has dissolved a long-standing local partnership – an outsider in a consumer landscape that is increasingly hostile to foreign brands. While other Western consumer goods giants are leaving China or losing market share to local rivals, the U.S. retailer remains […]
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 […]
By Siddharth Cavale NEW YORK (Reuters) – Walmart’s investment in Chinese e-commerce company JD.com was once a central part of its China strategy. Now the company is breaking with that strategy and selling its entire $3.74 billion stake in one of China’s largest online retailers – another example of the volatile nature of its relationship […]
