Walmart recovers and JD.com goes separate ways in China – Bamboo Works
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…
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…
Representative imageE-commerce retailer JD.com must convince investors of its relevance in the face of a stagnating Chinese e-commerce market, aggressive price wars and now the exit of its largest shareholder,…
Walmart logoE-commerce retailer JD.com must convince investors of its relevance in the face of a stagnating Chinese e-commerce market, aggressive price wars and now the exit of its largest shareholder,…
Walmart signaled it is reducing its investments in China by selling 144.5 million shares of JD.com worth about $3.7 billion. The sale took place on Wednesday, ending its eight-year partnership…
HIGHLIGHTS — Walmart is making financial news this week after the mega-retailer sold its stake in JD.com, Inc., a Chinese e-commerce company, ending an eight-year partnership between the two companies.…
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…
Shares of JD.com Inc. fell about 8 percent on the Hong Kong stock exchange and lost more than 8 percent in early morning trading on the Nasdaq after retail giant…
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…
Walmart has sold its entire stake in Chinese e-commerce giant JD.com. The move, announced in a securities filing on Tuesday (August 20), comes as Walmart increases its own focus on…
JD.com’s Hong KongThe listed shares fell 10 percent to HK$101.10 as of 2:23 p.m. local time on Wednesday, triggering a broader sell-off in Chinese e-commerce and technology stocks. Walmart is…