Select Walmart Stores to Deliver Groceries via JD.com’s New Dada Online Service

Walmart on Friday [21 October 2016] announced a $50 million strategic investment in New Dada, China’s largest local on-demand logistics and grocery online-to-offline e-commerce platform. The investment is an extension of Walmart’s broader agreement with JD.com. As part of the cooperation, New Dada offers customers two-hour delivery on groceries ordered from Walmart stores through the

Walmart Increases its Stake in China’s JD.com E-commerce Platform to 10.8%

Wal-Mart Stores Inc is pushing more aggressively onto Alibaba Group Holding Ltd’s turf. The Bentonville, Arkansas-based retailer boosted its stake in China’s second-largest e-commerce website JD.com Inc, strengthening an alliance to win more market share in the world’s largest online market…Full Article: China Daily Oct 2016 Key Point Walmart’s share in JD.com rose from 5.9%

Executives from Walmart and JD.com Meet Weekly to Map Out Retail Strategy in China

The cooperation between Wal-Mart Stores Inc and JD.com Inc will not affect the American multinational retailer’s plan for bricks-and-mortar stores in China, but the flagship internet store of Sam’s Club China will be opened on JD in a few months…Full Article: ECNS.cn July 2016 Key Point From 2015 to 2017, Walmart plans to open 115

Walmart to Open 30 New Stores in China and Introduce Cross-Border E-Commerce Service

Walmart, the world’s largest retailer, will open 30 new stores in China in 2016, Walmart China president and CEO Sean Clark said Thursday [25 February 2016]. Besides the 30 new stores, Walmart will upgrade 60 existing stores and expand its logistics and distribution centers. It will also introduce a cross-border e-commerce service in 2016, according

Walmart and China Resources Agree to Part Ways

Wal-Mart Stores Inc on Wednesday [18 November 2015] signed an agreement with China Resources SZITIC Investment Co Ltd for the purchase of minority interests in 21 joint ventures. The deal is valued at 3.3 billion yuan ($520 million). This agreement is, however, subject to approval from the relevant government authorities…Full Article: China Daily Nov 2015

Walmart Hopes Partnership with Online Chinese Supermarket, Yihaodian, Will Pay Dividends

Wal-Mart Stores Inc, the world’s largest retail outlet, is looking to increase its presence in China’s growing e-commerce market by focusing more attention on its relationship with expanding online grocery store Yihaodian (YHD), the outlet has said. Wal-Mart initially invested in YHD in 2011 and increased its stake to more than 51 percent in October

Walmart to Reimburse Chinese Customers who Purchased Fox-Tainted Donkey Meat

Global retail giant Wal-Mart Stores has recalled a donkey meat product from some Chinese stores after tests found traces of other animals’ DNA, the company said today, after authorities said it contained fox meat…Full Article: The Times of India Jan 2014 Key point Under Chinese food and safety laws, companies are not required to independently