Abstract: WAL-MART’s electricity supplier ambitions increasingly obvious. According to media reports, WAL-MART’s stake in Jingdong rose from 5.9% to 10.8%, and WAL-MART is expected to gain observer status at the Jingdong board meeting.
WAL-MART electricity supplier ambitions increasingly obvious. According to media reports, WAL-MART’s stake in Jingdong rose from 5.9% to 10.8%. And WAL-MART is expected to gain observer status at the Jingdong board meeting. In late June this year, Jingdong and WAL-MART reached a depth of strategic cooperation, WAL-MART with its 1 shop replacement of Jingdong’s shares. The holdings of shares of the capital market, by the welcome, the Jingdong’s share price rose about 6% in late Wednesday.
WAL-MART in the United States, Chinese market, India market and other channels and let it do the layout of the electricity supplier, electricity supplier company "". As a global retail giant, WAL-MART is now moving late? Especially in the Chinese market, whether he missed the best time to
WAL-MART owns about 10.8% stake in Jingdong
although the last time to reach a cooperation with Jingdong has not seen any obvious characterization, but this does not prevent WAL-MART continue to be optimistic about the domestic electricity supplier and bet. WAL-MART recently disclosed to the U.S. Securities and Exchange Commission (SEC) in the latest regulatory documents disclosed holdings of shares of Jingdong. After the holdings, WAL-MART owns about 10.8% of the shares of Jingdong.
in June this year, Jingdong marriage WAL-MART. June 21st, Jingdong and WAL-MART announced the depth of strategic cooperation, WAL-MART’s No. 1 store into Jingdong, while WAL-MART access to approximately 5% stake in Jingdong. According to the Jingdong and WAL-MART reached an agreement, WAL-MART will acquire new Jingdong issued approximately 145 million shares of class a common stock of Jingdong, about 5% of the number of total equity issued by Jingdong, the current share price, the transaction price is about $1 billion 500 million, equivalent to less than RMB 10 billion yuan.
it was revealed that, in accordance with undisclosed terms, if WAL-MART’s stake increased to equal to 10% of the level, WAL-MART is able to participate in the Jingdong board of directors observer status. The terms of the agreement emphasize the long-term importance of cooperation between the two companies. The transaction also indicates that Jingdong hopes to deepen cooperation with WAL-MART will. It is understood that the terms of the transaction also includes an effective non competitive agreement in the next eight years, to avoid the two companies to start or invest in each other’s business.
WAL-MART shares up 17% this year, closed Wednesday at $71.67, down 0.11%, after hours trading rose 8%; at the same time, the Jingdong this year fell by 13%, in after hours trading rose more than 5%.
invest heavily in online shopping business
in fact, just when the rise of network marketing, WAL-MART has begun to try to develop in this direction. The company’s recent plans to double the United States for online shopping warehouse doubled to 10. The company now owns