WMT+JDWalmart has agreed to sell its fully owned Chinese e-commerce player Yihaodian to JD.com Inc. In return, the U.S. retail giant will receive a 5% stake in JD.com, which is recently valued at roughly US$1.5 billion. The deal is part of a wide ranging strategic alliance between Walmart and JD.com. China Money Network first reported […]

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