DOW vs. BITCOIN: Which One Could Reach 40,000 in the Next 12 Months?

Louis Navellier and Matt McCall reveal their #1 picks for the coming bull market for FREE.

JD, WMT: Stock Surges on Wal-Mart Deal

The move will also benefit Sam's Club China Inc (NASDAQ:JD) shares are up as the company has reached a deal in China with Wal-Mart Stores Inc (NYSE:WMT).

The e-commerce company — which has its headquarters in Beijing — will control the brand and website for its virtual store Yihaodian.

Meanwhile, Wal-Mart will take care of Yihaodian’s direct sales business. The two companies are looking to “further develop” the brand.

Sam’s Club China will also benefit from the deal, as the company will offer its products on for the first time.

JD stock is up 4.6% Monday. WMT stock is up 0.2%.

More From InvestorPlace

Article printed from InvestorPlace Media,

©2020 InvestorPlace Media, LLC