JD.com Inc. JD stock has entered bearish territory, with a Death Cross signaling a potential downturn. The e-commerce giant is down 1.16% year-to-date and 20.51% over the past year, though it saw a slight uptick of 2.6% in the past month.The recent sell-off by Walmart Inc. WMT only adds to the uncertainty, as the retail behemoth announced plans to offload its stake in JD, aiming to raise up to $3.74 billion. This strategic move comes as Walmart shifts focus to its own operations in China, leaving JD to grap ...

Walmart members are in for a whopper of a deal.The retailer on Thursday announced a new partnership with fast food chain Burger King that will offer members of its Walmart+ subscription program 25% off any Burger King order made through the BK app. Members will also be eligible for a free-flame grilled Whopper every three months starting in September with a purchase, according to a news release.Walmart positioned the added benefits as cost savings for its members. It comes at a time when cost-conscious dine ...

Key TakeawaysWalmart on Thursday added a new benefit to its Walmart+ subscription plan, giving members 25% off on digital orders for Burger King.The move comes as Walmart has worked to ramp up its paid tier to compete with competitors like Amazon Prime and Target Circle 360.The subscriber base of Walmart+ plateaued around 8 million people early last year as the retailer struggled to get members to continue beyond trial periods, The Wall Street Journal reported. Walmart (WMT) announced a new benefit for Walm ...

Walmart said Thursday it has partnered with Restaurant Brands’ Burger King to offer discounted meal benefits to its membership customers as the retail giant looks to make its services more attractive to compete better with Amazon’s Prime.Walmart’s members can avail discounts at Burger King, including 25% off on any digital order every day, the company said. Additionally, starting September, its members can receive a free Whopper burger every three months with any purchase at Burger King.The Walmart Plus mem ...

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.c ...

Walmart has teamed with Burger King in its latest effort to boost its subscription program.The retail giant and the fast food chain have begun offering what they describe as a “first-of-its-kind” dining benefit to Walmart+ members, the companies announced Thursday (Aug. 22).Beginning Thursday, Walmart+ members can get a 25% discount on any Burger King digital order each day. And starting next month, members can get a free Whopper every three months with any purchase.“This unique benefit is designed to save ...

Walmart dumped its stake in the Chinese e-commerce company.Shares of JD.com (JD -5.30%) were falling today on news that Walmart (WMT 0.59%) had dumped its stake in the Chinese e-commerce company, according to a Securities and Exchange Commission filing this morning. JD and Walmart had been seen as partners at one point in China, but the stock sale seems to indicate that Walmart has soured on the relationship, especially after JD.com stock has underperformed for the last few years.As of 11:38 a.m. ET on Wedn ...

JD.com stock is lower after Walmart confirmed it was selling its stake in the companyJD.com Inc (NASDAQ:JD) stock is sliding today, after Walmart (WMT) confirmed it was selling its stake in the China-based e-commerce giant to focus on other things such as China operations for Walmart China and Sam’s Club. At last look, JD was down 7% at $26.23, earlier as low as $25.85. So far this week, JD has already mostly erased last week's 13.2% pop, which was its largest weekly rally since April. Back below all notabl ...

KEY TAKEAWAYSU.S.-listed shares of JD.com tumbled Wednesday as Walmart confirmed that it sold its stake in the Chinese e-commerce giant.The sale allows Walmart "to focus on our strong China operations for Walmart China and Sam's Club, and deploy capital towards other priorities."Bloomberg reported that Walmart raised about $3.6 billion in the stake sale, which marks the unwinding of an eight-year partnership. U.S.-listed shares of JD.com (JD) tumbled Wednesday as Walmart (WMT) confirmed that it sold its sta ...

Why the retailer can win in any environment.Consumers continue to spend, but there are also some signs that purchases are beginning to slow. In the restaurant sector, popular chains such as Starbucks and McDonald's have seen their U.S. same-store sales decline as consumers have pushed back on higher prices.The travel industry is starting to see an effect as well. Walt Disney recently came out and said it was seeing less traffic at its popular theme parks, while airlines and hotels have indicated that leisur ...