Walmart (WMT) Pulls Out of JD.com to Solidify Core China Operations

Zacks08-22

Walmart Inc. WMT, which is known for making bold moves to enhance its operations, has offloaded its complete stake in JD.com, as revealed by sources. This move represents a significant shift in the U....

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This move represents a significant shift in the U....</p>\n\n<a href=\"https://finance.yahoo.com/news/walmart-wmt-pulls-jd-com-134500820.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Walmart (WMT) Pulls Out of JD.com to Solidify Core China Operations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWalmart (WMT) Pulls Out of JD.com to Solidify Core China Operations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-22 21:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/walmart-wmt-pulls-jd-com-134500820.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Walmart Inc. WMT, which is known for making bold moves to enhance its operations, has offloaded its complete stake in JD.com, as revealed by sources. This move represents a significant shift in the U....</p>\n\n<a href=\"https://finance.yahoo.com/news/walmart-wmt-pulls-jd-com-134500820.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0310799852.SGD","symbol_name":"FTIF - Templeton Global Equity Income A MDIS SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/walmart-wmt-pulls-jd-com-134500820.html","article_id":"2461446383","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Auqycvl91K1572CArWZJTQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/bbcf3e07e826aabe52cbb2f648142720"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2461446383","pubTimestamp":1724334300,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Walmart Inc. WMT, which is known for making bold moves to enhance its operations, has offloaded its complete stake in JD.com, as revealed by sources. This move represents a significant shift in the U.S. retail giant's strategy, enabling Walmart to focus more intently on bolstering its core operations in China, including Walmart China and Sam’s Club.Also, experts suggest that this move reflects Walmart’s focus on allocating capital toward other priorities. While the retail giant has sold its stake in JD.com, it will continue to have a commercial relationship with the Chinese e-commerce firm, per sources.Walmart has been gaining from its highly diversified business with contributions from various segments, channels and formats. The company's robust omnichannel initiatives have driven increased traffic in both in-store and digital channels. Its strategic focus on enhancing delivery services has been particularly rewarding, leading to a consistent rise in market share for groceries. 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WMT, which is known for making bold moves to enhance its operations, has offloaded its complete stake in JD.com, as revealed by sources. This move represents a significant shift in the U.S. retail giant's strategy, enabling Walmart to focus more intently on bolstering its core operations in China, including Walmart China and Sam’s Club.Also, experts suggest that this move reflects Walmart’s focus on allocating capital toward other priorities. While the retail giant has sold its stake in JD.com, it will continue to have a commercial relationship with the Chinese e-commerce firm, per sources.\nInside the Headlines\nWalmart’s initial investment in JD.com dates back to 2016 when the U.S. retailer sold its Chinese online grocery store, Yihaodian, to JD.com in exchange for a 5% stake in the e-commerce giant. The partnership enabled Walmart to tap into JD.com’s expansive fulfillment and delivery network, which was crucial as Chinese consumers increasingly shifted to online shopping. However, with JD.com’s recent struggles and Walmart’s own success in China, particularly with Sam’s Club, the decision to divest appears to align with the company’s evolving strategic priorities.Walmart’s exit from JD.com also highlights the growing challenges in China’s highly competitive e-commerce market. JD.com has faced increasing pressure from rival platforms such as Pinduoduo and social media-driven e-commerce initiatives by Xiaohongshu and Douyin. However, sources revealed that despite the end of Walmart’s equity investment, JD.com remains optimistic about future collaborations.\nImage Source: Zacks Investment Research\nInternational Growth on Track\nWalmart’s decision to sell its stake in JD.com underscores its commitment to strengthening its physical and digital presence in China while navigating the difficulties of the competitive e-commerce landscape. As the company redirects its focus, Walmart’s future in China appears poised for continued growth, backed by its robust operations and strategic investments in the region.In the most recent quarter, Walmart’s International segment net sales rose 7.1% to $29.6 billion. On a cc basis, net sales jumped 8.3%, driven by Walmex, China and Flipkart. Stores and e-commerce evenly contributed to the sales increase. Segment’s e-commerce sales went up 18% on store-fulfilled pickup & delivery and marketplace. E-commerce penetration expanded across markets. The company witnessed strength in food and consumables, along with better growth in general merchandise. \nWrapping Up\nWalmart has been gaining from its highly diversified business with contributions from various segments, channels and formats. The company's robust omnichannel initiatives have driven increased traffic in both in-store and digital channels. Its strategic focus on enhancing delivery services has been particularly rewarding, leading to a consistent rise in market share for groceries.  Additionally, newer ventures like the marketplace, advertising and membership have contributed to diversified profits, further reinforcing the resilience of Walmart’s business model. Shares of this Zacks Rank #3 (Hold) company have rallied 15.3% in the past three months compared with the industry’s growth of 12.9%.\n3 Solid Retail Bets\nPriceSmart, Inc. PSMT, which owns and operates U.S.-style membership shopping warehouse clubs, currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for current financial-year sales and earnings suggests growth of 11.3% and 14.3%, respectively, from the year-ago reported numbers. PriceSmart delivered an earnings surprise of 10.2% in the last reported quarter.The Gap, Inc. GPS, an apparel retail company, currently carries a Zacks Rank #2. The Zacks Consensus Estimate for GPS’ current financial-year sales and earnings indicates growth of around 0.2% and 24.5%, respectively, from the year-ago reported numbers.Gap has a trailing four-quarter earnings surprise of 202.7%, on average. Abercrombie & Fitch ANF, a specialty retailer, currently has a Zacks Rank #2. The Zacks Consensus Estimate for current financial-year sales and earnings suggests growth of 11.5% and 51.1%, respectively, from the year-ago reported numbers. Abercrombie & Fitch has a trailing four-quarter earnings surprise of 210.3%, on average.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nWalmart Inc. (WMT) : Free Stock Analysis Report\nAbercrombie & Fitch Company (ANF) : Free Stock Analysis Report\nThe Gap, Inc. (GPS) : Free Stock Analysis Report\nPriceSmart, Inc. (PSMT) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2461446383"}