- Wal-Mart (NYSE:WMT +0.5%) and JD.com (JD +6.3%) cemented a partnership through the sale of Yihaodian in a deal structured to leverage their large supply chains.
- Wal-Mart (WMT) will receive 144.952M new shares in JD.com (~5%) as payment, while JD will land control of the Yihaodian online marketplace.
- Sam's Club China will open a store on JD.com
- Walmart’s other China stores will be listed as preferred retailers on JD.com's O2O JV Dada which is a food delivery service.
- The partnership between the two companies will allow more imported items to be sold in China than either could accomplish on their own.
- Previously: Deal on between JD.com and Wal-Mart over Yihaodian (June 20)
- Source: Press Release