Wal-Mart Rips Up China Online Strategy, Starts Again With Stake in Alibaba Rival Posted by June 21, 2016 Leave a comment on Wal-Mart Rips Up China Online Strategy, Starts Again With Stake in Alibaba Rival The deal will see the U.S. grocery giant swap its Yihaodian platform for a 5 percent stake in JD.com Inc., worth about $1.5 billion by the firm’s latest market value.