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Image for Wal-Mart Selling Chinese Online Business To JD.com

Wal-Mart Selling Chinese Online Business To JD.com

Posted by on Jun 20th, 2016

Wal-Mart Stores Inc. (NYSE:WMT) has announced its intentions to sell its online business in China to JD.com, the country’s largest e-commerce site when measured by revenue and second largest by market share. As part of the deal,... More of this article »
Image for Alibaba Moves To Alleviate Investor Concerns

Alibaba Moves To Alleviate Investor Concerns

Posted by on Jun 14th, 2016

Today marked the first time that Alibaba Group Holding Ltd. (NYSE:BABA) has released an annual revenue forecast. The company projected a 48 percent increase in revenue for the fiscal year ending in March. Excluding recently acquired... More of this article »