For fresh fruit and vegetable marketing and distribution in Asia
Gabrielle Easter



Walmart ups stake in

US-headquartered retailer Walmart has almost doubled its share in China’s

Walmart ups stake in

Neil Ashe, president and CEO of Walmart Global eCommerce, and Haoyu Shen, CEO of JD Mall

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Leading retailer Walmart has increased its share in China’s e-commerce site from 5.9 per cent to 10.8 per cent.

The US-headquartered retailer acquired the shares on 5 October 2016 though Walmart does not hold extra voting power.

“The stepped-up investment in JD has been part of our plan, as we continue to be a passive investor. We believe this strategic alliance will help us grow e-commerce even faster in China,” a Walmart spokeswoman told WSJ.

Walmart China sold its e-commerce business Yihaodian to for 5.9 per cent of the company in June as part of a strategic agreement to service Chinese consumers both online and offline.

An interview with’s sourcing head for fresh produce, Clark Meng, was published in the July/August 2016 edition of Asiafruit.



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