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Wal-Mart to Sell Chinese E-Commerce Business to JD.com

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

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