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Strategic Shift in China Walmart (NYSE:WMT) is overhauling its approach to the Chinese market by selling its entire $3.74 billion stake in JD.com (NASDAQ:JD), a major Chinese e-commerce firm. This move marks a significant departure from its previous strategy and reflects the broader trend of the retailer’s withdrawal from markets where it has struggled with [&#8230;]

Walmart Alters China Strategy: Sells JD.com Stake

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Shares of Chinese e-commerce giant JD.com plummeted 10% on Wednesday in Hong Kong after Walmart confirmed its intention to sell its stake in the company. The US retail giant, which has been a strategic partner of JD.com since 2016, said that the decision to divest is part of a broader strategy to refocus on its [&#8230;]

JD.com falls by over 10% on reports of Walmart stake sale

As Walmart Inc (NYSE: WMT) and Home Depot Inc (NYSE: HD) prepare to report their quarterly earnings next week, UBS analyst Michael Lasser anticipates mixed signals from the retail giants.&#160; While Home Depot is expected to issue conservative guidance, Walmart&#8217;s performance is projected to be stronger, reflecting its recent strategic initiatives. Home Depot: Conservative outlook [&#8230;]

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Walmart Alters China Strategy: Sells JD.com Stake

JD.com falls by over 10% on reports of Walmart stake sale

What to expect from Walmart and Home Depot earnings next week?

What to expect from Walmart and Home Depot earnings next week?