BBG: Walmart’s booming China business paved way for JD.com split
BLOOMBERG reports: Walmart Inc. is flying so high on the strength of its Chinese operations that it’s ...
The numbers are simply amazing: Alibaba alone sold over $25bn worth of goods in one day,with the remaining Chinese e-commerce sites almost equalling that. Around 330m packages were handled by courier and logistics companies in a 24-hour period. The event was Singles Day – celebrated in China on 11 November (11/11, yep all the ones) – which traces its origins back to Nanjing University in the 1990s and has since become an occasion for all the unattached young Chinese men ...
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