Yihaodian: JD.Com To Acquire Yihaodian From Walmart In Strategic Alliance

Walmart has agreed to sell its fully owned Chinese e-commerce player Yihaodian to JD.com Inc. In return, the U.S. retail giant will receive a 5% stake in JD.com, which is recently valued at roughly US$1.5 billion. The deal is part of a wide ranging strategic alliance between Walmart and JD.com. China Money Network first reported [...]Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.