On June 21, 2016, Wal-Mart announced that it would sell its main assets to Jingdong, while Wal-Mart would receive a total of 145 million A Class of common shares in Jingdong, about 5% of the total issued share capital of Jingdong. In accordance with the then Jingdong stock price calculation, the transaction price of about 1.5 billion US dollars. In addition to the replacement of the shares, the two sides also announced that it will reach a series of strategic cooperation and coverage of online and offline retail market, including Sam’s membership store will be opened in the Jingdong platform official flagship store, Wal-Mart stores will access Jingdong Group investment logistics Platform “Dada” and O2O electricity platform “Jingdong home” and the two sides will cooperate in the supply chain side.
October 2016, Wal-Mart announced the holdings of Jingdong shares to 10.8%, Sam’s membership stores settled in Jingdong, Wal-Mart opened in Jingdong cross-border electric business Wal-Mart global flagship store, more than 20 Wal-Mart shopping mall on the line O2O platform “Jingdong home.” At the same time, Wal-Mart also announced a $ 50 million strategic investment in fresh platform Xinda.
The industry generally believe that the purpose of Wal-Mart holdings of Jingdong investment is very clear: hope that through the shares of Jingdong, quickly into the whole category of online business, combined with their own line advantage and Jingdong common expansion O2O business. “Wal-Mart continues to increase capital Jingdong, not just a simple financial investment, but the strategic stake, even at high prices from the secondary market continue to buy, which means that Wal-Mart as Jingdong for China’s strategy, and even the global business strategy is the most critical step. “Tencent, Jingdong strategic analyst Li Chengdong that shares Jingdong Wal-Mart is the future to achieve an important step in the transformation of the future Wal-Mart may be through different forms and Jingdong continue to strengthen relations.