国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Companies

Wal-Mart, JD.com begin 'marriage'

By Wang Ying in Shanghai (China Daily) Updated: 2016-07-13 10:07

Wal-Mart, JD.com begin 'marriage'

A woman walks out from a Sam's Club in Shenzhen, South China's Guangdong province, Nov 9, 2015. [Photo/IC]

The cooperation between Wal-Mart Stores Inc and JD.com Inc will not affect the American multinational retailer's plan for bricks-and-mortar stores in China, but the flagship internet store of Sam's Club China will be opened on JD in a few months.

In the past three weeks after the alliance between Wal-Mart and JD was reached in June, leaders of the two companies have been meeting on a weekly basis to begin execution of their in-depth strategic cooperation, said Shen Haoyu, CEO of JD Mall, which is the subsidiary that runs JD's online sales platform.

The flagship store of Sam's Club China is a priority for JD. "We are working closely according to our timeline. Taking the JD-based Sam's Club China flagship store for example, it will be launched within a couple of months," said Shen.

Scott Price, president and CEO of Wal-Mart Asia and chief administrative officer of Wal-Mart International, called their cooperation a "marriage".

"There is a huge opportunity for us, the agreement we made entering into this marriage will continue to develop based upon changing customers' needs, opportunities and competition. We see this is a marriage of two similar companies that are equal in strength but in different parts, that come together to form a powerful organization," said Price.

Price also noted that their cooperation with JD will not change Wal-Mart's plan to open 115 stores in China, including Sam's Club stores, in the three years between 2015 and 2017, but they will offer their customers a choice to buy either online or offline in the future. There are 13 Sam's Club stores operating in China.

According to the alliance formed between Wal-Mart and JD, Wal-Mart will receive about 5 percent stake in JD and the companies will partner in strategic areas.

"Wal-Mart's strength in its supplier chain is something JD urgently needs to develop. For the US retail giant, the collaboration with China's second-largest e-commerce platform will raise their competitiveness in the China market," said Li Chengdong, an e-commerce strategy analyst.

The cooperation also led JD to manage the YHD site and the platform while Wal-Mart will continue to manage YHD's self-operated business of the online retailer.

Wal-Mart became a shareholder of Shanghai-based YHD in 2011, and became the full owner in 2015. However, the deal did little to strengthen Wal-Mart's e-commerce ability in the past five years.

"There are quite a few capabilities in technology management and business management at YHD. Our plan is try our best to retain YHD's position and style among its consumers," said Shen.

"With YHD, JD will perform better in competing with Alibaba Group Holding Ltd," said Li.

Hot Topics

Editor's Picks
...
浦江县| 安平县| 石狮市| 平昌县| 剑阁县| 平果县| 沾化县| 大安市| 陇南市| 蕉岭县| 怀宁县| 安新县| 井研县| 临沂市| 阜平县| 梓潼县| 盘山县| 古浪县| 汤阴县| 灵寿县| 来宾市| 乡宁县| 渝中区| 通化市| 荥经县| 龙江县| 新兴县| 手游| 江永县| 沧州市| 郸城县| 秦皇岛市| 金秀| 施甸县| 洪洞县| 龙川县| 文化| 建德市| 治县。| 旬阳县| 清水河县|