Re: JD.com (JD)
Posted: Thu Oct 06, 2016 9:28 am
not vested
JD.com Soars 5% After Walmart Boosts Stake
By Shuli Ren
China’s direct sales e-commerce JD.com (JD), which unlike Alibabab Group (BABA) follows the Amazon.com (AMZN) model, soared 5.5% in after-hours trading after Walmart (WMT) disclosed that it boosted its stake in JD from 5.9% to 10.8%.
Walmart is taking the strategic investment approach to the world’s biggest emerging markets.
Last month, Bloomberg reported it was in advanced talk with India‘s Flipkart for an investment of about $1 billion.
Amazon has vowed to invest $5 billion in India’s e-commerce operations and a Bank of America Merrill Lynch survey shows it is making good progress there: “Indian Consumers Much Prefer Amazon To Flipkart, Merrill Survey Finds“.
In June, Walmart sold its stake in China’s grocery e-commerce provider Yihaodian to JD.com in return for a 5% stake in JD.
Source: Barron's Asia
JD.com Soars 5% After Walmart Boosts Stake
By Shuli Ren
China’s direct sales e-commerce JD.com (JD), which unlike Alibabab Group (BABA) follows the Amazon.com (AMZN) model, soared 5.5% in after-hours trading after Walmart (WMT) disclosed that it boosted its stake in JD from 5.9% to 10.8%.
Walmart is taking the strategic investment approach to the world’s biggest emerging markets.
Last month, Bloomberg reported it was in advanced talk with India‘s Flipkart for an investment of about $1 billion.
Amazon has vowed to invest $5 billion in India’s e-commerce operations and a Bank of America Merrill Lynch survey shows it is making good progress there: “Indian Consumers Much Prefer Amazon To Flipkart, Merrill Survey Finds“.
In June, Walmart sold its stake in China’s grocery e-commerce provider Yihaodian to JD.com in return for a 5% stake in JD.
Source: Barron's Asia