Over the last five years, consumer enthusiasm for outdoor activities has increased dramatically, resulting in an outdoor products market that reached $887 billion in 2017, according to the Outdoor Industry Association.
Walmart Inc. (NYSE: WMT) and JD.com Inc. (Nasdaq: JD) have invested about $500 million in Chinese logistics company Dada-JD Daojia, with about $320 million coming from Walmart. Walmart owns more than a 10 percent stake in Dada.
August 13, 2018
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