BY LAUREN HIRSCH AND ADAM JOURDAN Wal-Mart Stores Inc (WMT.N) has sold its Chinese online grocery store in return for a stake in the country’s no. 2 e-commerce firm, ripping up its previous strategy in efforts to cure ailing sales in one of the world’s toughest retail markets. The deal will see the U.S. grocery […]
Mark Schlarbaum
“New China” Global Development
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