21-06-2016, 09:55 AM
It seems JD.com is leading in the grocery e-commerce competition, with the endorsement from Walmart...
Wal-Mart to sell China online unit to JD.com for a 5% stake
(June 20): Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5% equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more customers.
Under the deal, JD.com will issue about 145 million new class A shares to Wal-Mart, worth about US$1.5 billion ($2 billion) at JD.com's current valuation.
...
http://www.theedgemarkets.com/sg/article...om-5-stake
Wal-Mart to sell China online unit to JD.com for a 5% stake
(June 20): Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5% equity stake in JD.com, a strategic alliance that aims to expand WalMart's reach in China to more customers.
Under the deal, JD.com will issue about 145 million new class A shares to Wal-Mart, worth about US$1.5 billion ($2 billion) at JD.com's current valuation.
...
http://www.theedgemarkets.com/sg/article...om-5-stake
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