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 exited a long-time local partnership, an outlier in a consumer landscape that’s increasingly hostile to foreign brands.

As other Western consumer giants exit China or lose market share to local rivals, the US retailer remains its biggest hypermarket operator. That’s thanks in large part to Sam’s Club, which in the country is a members-only chain offering premium goods. The franchise is continuing ...