On this past Friday, after the close of regular market trading, Walmart filed a Schedule 13G with the SEC that showed that it had increased its stake in Chinese e-Commerce giant, and number 2 player behind Alibaba, JD.com to 289.1 million shares or 12.1%. Back on October 5, 2016, Walmart had filed another Schedule 13G that revealed that it had almost doubled its stake in JD.com from a prior 5.9% to 10.8%. In June 2016, Walmart had taken an initial 5.9% stake when it sold its Chinese e-commerce business to JD.com in exchange for that initial stake. The deal included Walmart signing over ownership of its Chinese online marketplace, Yihaodian, including the brand name and website to JD.com in exchange. Why is Walmart increasing its stake so quickly in JD.com?

Source: Forbes February 05, 2017 17:48 UTC