International Reaction
Wal-Mart Stores Inc. is switching strategies in China, distinguished a understanding to forge a partnership with one of a country’s largest e-commerce players rather than continue perplexing to moment a fast-growing though rival marketplace on the own.
Wal-Mart pronounced Monday it will sell the Yihaodian website to JD.com Inc.—the second-largest online tradesman in China, after Alibaba Group Holding Ltd. U.S.-based Wal-Mart will accept a 5% interest in…
Article source: http://www.wsj.com/articles/wal-mart-in-talks-to-sell-chinese-e-commerce-business-to-jd-com-1466423930
