Jul 6, 2016
2 min

Walmart Enters Strategic Partnership with Chinese E-Commerce Giant JD.com

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About JD.com

  • JD.com is China’s second-largest e-commerce company, with $29.8 billion in revenues in 2015. The company has a share of about 23% of China’s B2C e-commerce market. Alibaba’s branded site, Tmall.com, has the largest share, nearly 60%. JD.com is known for its efficient logistics network, and it has deployed the largest fulfillment infrastructure of any e-commerce company in China.
  • JD.com operates seven fulfillment centers and 5,987 delivery stations in China.

Walmart China and Yihaodian

  • Walmart China operates about 430 stores in China; it opened its first store in the country in 1996. While Walmart’s footprint in China is just a fraction of the size of its US presence, China accounts for about one-third of the company’s total international business, which totaled $135 million in revenue in 2015.
  • Founded in July 2008, Yihaodian is a Chinese online supermarket that offers more than 10 million products. According to iResearch, Yihaodian’s share of China’s B2C e-commerce market is currently 1.5%.
  • Walmart began acquiring Yihaodian’s shares in May 2011 and took full ownership in 2015 before selling the company to JD.com.
Source: S&P Capital IQ

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