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

An article by Morgane Monteiro and Sophie Baqué

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Publication

23 August 2024 à 09h20

Updated on 2 September 2024 à 10h15

Reading time

2 minutes

Publication: 23 August 2024 à 09h20, Updated on 2 September 2024 à 10h15

Reading time: 2 minutes

An article by Morgane Monteiro and Sophie Baqué

Add mind Retail to your sources

Publication

23 August 2024 à 09h20

Updated on 2 September 2024 à 10h15

Reading time

2 minutes

Publication: 23 August 2024 à 09h20, Updated on 2 September 2024 à 10h15

Reading time: 2 minutes

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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).

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Article authors

Featured image of the article Morgane Monteiro

Morgane Monteiro Journalist

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

Featured image of the article Sophie Baqué

Sophie Baqué Chief Editor of mind Retail

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