Wal-Mart eyes larger foothold in China, increases stake in JD.com

Wal-Mart eyes larger foothold in China, increases stake in JD.com

American retail giant Wal-Mart Stores, Inc. has further increased its stake in China’s second largest e-commerce firm JD.com Inc. to 12.1 per cent as on December end, up from 10.8 per cent in October 2016, according to a latest securities filing.

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