Image source: Wal-Mart.
After struggling to make a significant impact in the Chinese e-commerce market, Wal-Mart Stores (NYSE: WMT) is selling Yihaodian, its Chinese e-commerce platform. But instead of an outright sale, Wal-Mart is selling the site to JD.com (NASDAQ: JD) in exchange for a 5% stake in JD, valued at roughly $1.5 billion.