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In the latest quarter, Walmart reported a 17.7% year-on-year rise in revenue from its China business to $4.6 billion on the back of strong growth in its Sam's Club warehouse chain and its digital ...
Arkansas-based Walmart, the world’s largest retailer that traditionally has catered to working- and middle-class Americans, warned the President-elect’s plans to hike import duties across the ...
In China, Walmart is using the world's second-largest economy to experiment with new e-commerce practices. Despite macro headwinds, its same-store sales grew 13.8% in Q2, and revenue grew 17.7% ...
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Now it is tearing up that playbook by unloading its entire $3.74 billion stake in one of China's biggest online retailers, in another example of the volatile nature of its relationship with China.
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