375 place 21

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

Startups News
Nickie Louise @ Startups News 1 place · 08/22/2024 10:00 EDT

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

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 ...

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