Wal-Mart Stores goes up in Jd.com online retailer capital. The goal is to strengthen the alliance and to increase its market share in China. The greatest large-scale retail chain in the world has moved its market share in Chinese e-commerce second greatest group from 5,9% to 10,8%. Jd.com is listed on Nasdaq stock market since 2014. Last Wednesday, as the sitting closed Jd.com was earning a +1,60%, soaring up to a 6% profit in the after market. Benjamin Cavender of China Market Research Group explained that Jd.com will now be admitted to Wal-Mart operating system, which enhances international products supply. Given that e-commerce sector in China is pretty competitive and costly – particularly to enhance the position in the business – Wal-Mart decided to give up Yihaodian. In this way, it will focus resources on Jd.com portal and logistics.
