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Walmart (WMT) Stock Gains on Potential Chinese E-Commerce Business Sale

NEW YORK (TheStreet) -- Shares of Walmart (WMT) are advancing 0.51% to $71.31 in pre-market trading on Monday, as the retailer is in discussions to sell its e-commerce platform in China, Yihaodian, to Chinese online retailer (JD), sources told the Wall Street Journal.

The terms of the deal were unclear but could include a broader partnership between the two companies, according to the Journal.

Such a partnership...