Wal-Mart Stores Inc. (NYSE:WMT) has announced its intentions to sell its online business in China to JD.com, the country’s largest e-commerce site when measured by revenue and second largest by market share. As part of the deal, JD.com will control the brand, website and app for e-commerce platform Yihaodian, and Wal-Mart will retain the subsidiary’s […]
Corporate News – The Cerbat Gem
Thursday, February 9, 2017
Wal-Mart Selling Chinese Online Business To JD.com
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