Daily Management Review

Walmart Is Likely To Invest ‘$50 Million’ In New Data


10/21/2016


An attempt has been made by Walmart to target Chinese shopping clients.



Reuters reported that Walmart Stores Inc. is set to make an investment of “$50 million” in New Data, the latter being the online “grocery and delivery firm” based out of China and a “joint venture” which is partly owned by JD.com.
 
Moreover, in the process, Walmart will be extending its affiliation with the “local online players”, in an attempt to increase sales in China, the “second-largest economy” of the world.
 
China strategies for Walmart underwent a shift following the sale of its “own online platform Yihaodian”, which took place in the earlier part of this year, while in exchange they acquired a stake in JD.com Inc., “local e-commerce giant”.
 
Reports have it that the investments of Walmart in New Data will support the company to reach out to Chinese shopping clients with “faster delivery” amid the “fiercely competitive online grocery market”. Over twenty five millions customers have registered with New Data, while its delivery operations cover more than three hundred cities in China.
 
 
 
 
 
 
 
References:
http://www.reuters.com/







Science & Technology

Israel Completes Mars Habitat Simulation Experiment

Just $24 Earned By Hackers From The Huge Cryptojacking Campaign Conducted Last Week

New Molecule That Quickly Fights Cancer Cells Identified By Swedish Scientists

The U.K.’s Health Sector To Integrate Israeli ‘Digital Health’ Technology

Cryptocurrency Mining Malware Infects Government Websites In Multiple Countries All Across The World

New Research Into Space Settlement And Space Habitation Will Be Supported By Seed Grants Launched By UAE

NASA Confirms Mystery Satellite To Be Its IMAGE Satellite

Facebook To Put A Ban On Cryptocurrencies Ads

Study Show An Early Sign For Alzheimer's Is Sleep Disruption

Malicious ads on YouTube were used to mine cryptocurrency with viewers’ CPU

World Politics

World & Politics

Australia To Welcome Britain On The Latter’s Interest In Joining TPP

South African President Zuma Finally Resigns, New President To Be Elected Soon

13 countries with the best healthcare system

France is coming closer to Iran

India-Russia Develops Supersonic Missile Which Could Raise Concerns In China

Yet another serious political risk for Europe: Italian elections coming soon

Seven Weeks Time Period , Says Theresa May, For Agreement On Brexit Transition Deal

Germany on the brink of political chaos