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Walmart and Expand Strategic Cooperation

Companies to further integrate platforms, supply chains, and customer resources, and launch the first annual JD-Walmart August 8th shopping festival

BEIJING, July 25, 2017 (GLOBE NEWSWIRE) -- Strategic partners Walmart (NYSE:WMT) and (Nasdaq:JD) are expanding their cooperation to further integrate their platforms, supply chains and customer resources in China. Coinciding with the launch of the first JD-Walmart 8.8 omni-channel shopping festival on August 8, the new initiatives aim to offer shoppers throughout China faster and more convenient access to high-quality authentic products through multiple channels.

Walmart and established their pioneering partnership one year ago, combining the strengths of Walmart and China's largest online retailer to generate exciting new ecommerce and retail initiatives. The collaboration is helping boost the popularity of U.S.-made products in China and allowing shoppers to directly buy goods from Walmart stores on the platform.

"Since forming our strategic partnership with in June of last year, we have continued to expand our omni-channel strategy to better serve customers and grow our business in China," said Ben Hassing, senior vice president of Walmart China eCommerce and Technology. "Our ability to tap into's advantages across logistics, big data, technology and customer service gives Walmart a huge advantage in reaching China's rapidly expanding consumer class. We look forward to further bringing together our strengths in digital and physical retail to take the customer experience in China to the next level."

"As technology pushes the boundaries of what is possible, and Walmart's global supply chain excellence offers complementary platforms and a commitment to customers that provides us with an enormous opportunity to define the future of retail in China," said Carol Fung, President of JD Fast Moving Consumer Goods.

The expanded...