Oct 21, 2016 04:43 PM

BUSINESS

Wal-Mart, JD.com Cozy Up as Singles Day Nears

By Wang Qionghui and Han Wei

Photo: IC

Photo: IC

(Beijing) — Wal-Mart Stores Inc. is taking another stab at China's highly competitive online shopping market by forming a closer relationship with Chinese e-commerce giant JD.com.

The retailers on Thursday announced new initiatives that expand on their 4-month-old alliance just in time for China's busiest shopping day: Nov. 11, the annual Singles Day extravaganza.

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