Walmart Ups JD.Com Stake To 12% To Deepen China Partnership

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U.S. retail giant Wal-Mart Stores, Inc. has increased its stake in Chinese e-commerce firm JD.com Inc. to 12.1% as of the end of 2016, up from 10.8% last October, deepening its partnership with China’s second largest online shopping platform behind Aliababa, according to a securities filing.

China Money Network

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