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Walmart sells shares in Chinese e-commerce site JD.com


Walmart sells shares in Chinese e-commerce site JD.com

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 […]