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Wal-Mart China News

Wal-Mart Stores Inc

20 Jun 2016

Wal-Mart to sell China online unit to JD.com for a 5% stake

Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart`s reach in China to more customers.

29 Apr 2015

Wal-Mart to expand China store network by nearly a third after growth stalls

"Our aim is to become an integral part of China`s economy," Chief Executive Doug McMillon said at a news conference in Beijing on Wednesday. "China is a top priority."

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