Trillions in revenue and a million jobs: Unpacking JD.com’s 20-year roadmap
Inside Retail
JUNE 22, 2023
In 2016, JD.com formed a strategic alliance with Walmart, taking control of the latter’s online grocery business, Yihaodian, and giving Walmart a 5 per cent stake in JD. In the first quarter alone, the number of new merchants on JD’s platform soared by 240 per cent compared to the same period last year.
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