Walmart's global empire

The world’s largest retailer, Walmart, has an international reach of 6,360 stores across five continents. According to Bloomberg, the contribution of its international business to total revenue has reduced from about 30 percent five years back, to less than one-quarter of its total revenue. Reason? Competition, store closures and weak economies. With Doug McMillon as CEO, the company has seen a strategic change – buying e-commerce startups and focusing on potential markets like China and India. In the context of Walmart’s mega deal with one of India's largest ecommerce portals, Flip
Curated By: Forbes India
Published: May 10, 2018
Walmart's global empire

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  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire
  • Walmart's global empire

China’s largest online giant happens to be Alibaba, and its toughest competitor there is JD.com. Walmart, in June 2016, sold Yihaodian, its Chinese online grocery store for a stake in JD.com. Although, Walmart has about 440 stores in China, a strategic alliance with JD.com helped, especially since the world's most populous country has over 700 million people online, according to Associated Press.