Wal-Mart is selling its Chinese online business to the country's No. Since then, Wal-Mart has been trying to accelerate the integration of its online business and physical stores in China. The move comes as Wal-Mart Stores Inc. is trying to improve its overall business in China, now the fourth-largest international market by sales. In a statement issued Monday, Wal-Mart Stores Inc. CEO Doug McMillon said JD.com has a "very complementary business and is an ideal partner." Wal-Mart had been fighting Alibaba, JD.com, and a swarm of smaller, online food sellers.

Source: ABC News June 20, 2016 17:08 UTC