Walmart exits JD.com with $390M sell-off

By  
Artur Stańczuk
August 25, 2024
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Summary:

Walmart has sold its 9.4% stake in JD.com to focus on its own operations in China. The move comes as Walmart experiences 8.3% international sales growth, partly driven by China. Competition with Alibaba and Pinduoduo in low-cost goods is intensifying.

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