Walmart (WMT) Pulls Out of JD.com to Solidify Core China Operations
WMTWalmart(WMT) ZACKS·2024-08-22 22:46

Walmart Inc. (WMT) , which is known for making bold moves to enhance its operations, has offloaded its complete stake in JD.com, as revealed by sources. This move represents a significant shift in the U.S. retail giant's strategy, enabling Walmart to focus more intently on bolstering its core operations in China, including Walmart China and Sam’s Club.Also, experts suggest that this move reflects Walmart’s focus on allocating capital toward other priorities. While the retail giant has sold its stake in JD.c ...