As of June 21st, E-commerce enterprise JD confirmed its strategic partnership with Walmart.
Based on the internal letter from JD, Walmart will receive a 5% stake in JD.com. Meanwhile, Walmart will start its online official flagship store Sam's club in JD.com, while JD will be in charge of the main assets from yihaodian.com, including the yihaodian brand, website and its App.
In terms of the offline sector, JD will provide more oversea commodities to its consumers by taking advantage of Walmart's global purchase and supply chain system. Meanwhile Walmart will invest shares in JD's logistic platform DADA and JD home delivery platform, in the hope that they can provide a fresh produce home delivery service to its consumers within 2 hours.
Going back to May 2015, JD Investment, together with SIG Asia Investments, ClearVue Partners, have invested 70 million US dollars in fresh fruit produce e-commerce platform Fruit Day. 3 months after, JD invested 4.31 billion Yuan in Yonghui Supermarket, and it claimed 10% of its shares, a strategic cooperation framework has been signed afterwards. This year, by cooperating with Walmart, JD.com has finished its purchase to yihaodian.com.
From Walmart's perspective, when Ping An group took over 80% of the shares of yihaodian.com, Walmart has gained 17.7% of its share via China Ping An Group. Step by step, it gradudally increased its investment in Yihaodian, in the hope that this e-commerce platform could serve as an important online channel for its own brand, but it was in vain.
So far experts from the e-commerce and retail industry have showed great enthusiasm for the future perspectives of this cooperation.
Source: Sina Finance