Walmart Sells Chinese Web Arm

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Walmart Sells Chinese Web Arm

06/21/2016

Yihaodian, Walmart’s e-commerce arm in China, will be sold to JD.com, the second largest online retailer in China behind Alibaba. JD.com will pay for Yihaodian with shares that will amount to a 5 percent stake for Walmart. The move is seen as a bid to shore up an overseas business that Walmart investors have criticized as yielding insufficient returns.

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