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.
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,
…You are reading this article thanks to your subscription to Mind Retail.
Explore new horizons by checking out our other verticals:
Do you have information to share with us?
Article authors
Morgane Monteiro
Journalist
Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.