Walmart selling JD.com stake: 3 reasons it's great for investors
Walmart execs continue to focus on operational efficiency and running a simpler business more broadly. The latest sign of that came on Wednesday, as the world’s largest retailer ended its eight-year relationship with China’s JD.com (JD) by selling its remaining stake in the e-commerce player for more than $3.5 billion. Walmart will use the proceeds to invest in other, more high-priority areas of the business, including US online shopping. The sale also reflects the structural challenges in the Chinese retail market amid a sharp property market and intense competition between Alibaba (BABA) and Temu (PDD). For more expert insight and the latest market action, click here to watch more Opening Bid.
