JD.com is the second-largest e-commerce retailer in China after Alibaba, and the business will now own Walmart's Yihaodian marketplace assets, including the Yihaodian brand, website and app.

Walmart will continue to operate the Yihaodian direct sales business and will be a seller on the Yihaodian marketplace. The two companies will work together to build the brand, which will retain the Yihaodian name.

Sam's Club China will open on JD.com, expanding its reach. It will also begin offering same-day delivery through JD.com's warehouse and delivery network. The two companies will work together to leverage their supply chains and increase the range of products offered, including imported items.

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