Walmart has sold its entire stake in Chinese eCommerce giant JD.com.The move, announced in a securities filing Tuesday (Aug. 20), comes as Walmart is increasing its own focus on China’s retail sector.Walmart had owned a nearly 10% stake in the company as of late last year, according to JD.com’s 2023 annual report.The mammoth retailer first purchased shares in JD in 2016 in exchange for the sale of its eCommerce business Yihaodian.“Walmart invested nearly 10 years ago when JD.com and the ecommerce market wer ...

Richard Liu, founder and CEO of JD.com, at a press conference in 2018 in Beijing.VCG/VCG via Getty ImagesWalmart Inc. says it’s looking to sell its entire stake in Chinese e-commerce giant JD.com, as the American retailer adjusts its strategy in the world’s second-largest economy.Shares of the dual-listed JD.com plunged as much as 12% in Hong Kong on Wednesday after falling 10% in after-market trading on the Nasdaq overnight. In a statement sent to Forbes, a Walmart spokesperson confirmed the company’s inte ...

Signage at JD.com's warehouse in Shanghai, China, on Mar. 9, 2022. The U.S. Securities and Exchange Commission on Wednesday added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China's JD.com, Pinduoduo, Bilibili, and NetEase.Shares of Chinese e-commerce giant JD.com plunged 10% on Wednesday in Hong Kong after U.S. retailer Walmart confirmed it will sell its stake in the Chinese firm.Walmart told CNBC the decision to sell its stake will allow the compa ...

AntonioSolano Investment Thesis In my last article on Walmart (NYSE:WMT), I analyzed the company’s first quarter performance and explored the factors behind the company’s resilience during what was a challenging microenvironment. I had a HOLD rating on the stock. Since my article was published in May 2024, the stock has gained nearly 14%, significantly outperforming the S&P 500, which gained nearly 7% during the same period. In this article, I investigate the company’s Q2 performance and argue how the c ...

Walmart (WMT) posted earnings last Thursday, beating expectations on Earnings per Share ($.67 vs $.64 expected) and sales ($169.33B vs $168.56B) which lifted the stock about +8%. Since then, its consolidated between the $72.50 and $74 levels.While I think there might be a mild pullback in WMT, my PFP system (Positioning, Flows, and Price Action) is telling me the line of least resistance is to the upside.That's created a great opportunity for an options trade.Let me show you how I'd trade it.Currently, I'm ...

Latest installation furthers a 240-location rollout at One Kitchens across the U.S. and integrates the Company’s new commercial management venture, AlphaMax Management, formed to optimize the integration of the robots into clients’ businesses LAS VEGAS, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada-based provider of AI-driven service robots, announces the installation of its advanced robotic beverage system, ADAM, at a One Kitchen in a Rockford, IL Wal ...

The world's largest retailer is crushing the market.In this podcast, Motley Fool analyst Asit Sharma and host Ricky Mulvey discuss:Walmart's international growth and pricing power.What broader retail sales data says about the economy.The economic side effects of weight loss drugs.Later, Motley Fool analyst Buck Hartzell joins Ricky to discuss Shift4, a payments company putting up impressive growth numbers.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get sta ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBy nearly every measure, the war on inflation is over.Wh ...

The combination of Walmart’s (WMT) beat-and-raise quarterly release and the positive July Retail Sales report has forced the gloom-and-doom narrative that threatened to take center stage just a few days ago into retreat.The clouds have not fully lifted yet, though, and downside risks still remain. But for now, at least, the soft-landing narrative is back in the ascendant, which has done wonders for market sentiment. Also helping market sentiment is further evidence from the July CPI reading that reassured i ...

There is such a slew of conflicting indicators and commentary on the economy swirling around these days that it may be hard to get a grip on how the consumer is doing.Walmart Inc. WMT, the world’s largest retailer, beat Wall Street forecasts for second-quarter profits and sales as it posted $4.5 billion in net profit, down from $7.89 billion a year ago, and $169 million in revenue, up from $162 million in revenue a year earlier.It also raised its full-year outlook by forecasting revenue to increase from 3.7 ...