Walmart sells stake in JD.com to focus on its own China operations

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Walmart has ended its eight-year partnership with Chinese e-commerce giant JD.com. Walmart announced on Wednesday the sale of its $3.7 billion stake in JD.com, marking one of the largest foreign investments in a Chinese retailer. Despite the sale, Walmart will
The post Walmart sells stake in JD.com to focus on its own China operations first appeared on Tech Startups.

Walmart has ended its eight-year partnership with Chinese e-commerce giant JD.com. Walmart announced on Wednesday the sale of its $3.7 billion stake in JD.com, marking one of the largest foreign investments in a Chinese retailer. Despite the sale, Walmart will […]

The post Walmart sells stake in JD.com to focus on its own China operations first appeared on Tech Startups.

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