China: After an upbeat Q2, Walmart sells JD.com

After exceeding expectations in Q2, Walmart announced a sale of all shares in pure-player JD.com. By streamlining investments, the firm will continue to focus on e-commerce in the U.S.A. and the Chinese business, particularly  via Sam’s Club.

Through Morgane Monteiro, Sophie Baqué. Published on 02 September 2024 à 10h13 - Update on 02 September 2024 à 10h15

On August 21, Walmart confirmed the sale of their stake in JD.com (2023 sales:US$153 billion, up 3.7% in a year). In China, faced with competitors Pinduoduo, Xiaohongshu and Alibaba, the e-commerce platform had to cut margins. After 8 years as an investor, Walmart has sold all 9.4%,…

Morgane Monteiro, Sophie Baqué