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An ETF To Play Emerging Market ECommerce After Wal-Mart’s Stake

Wal-Mart (WMT) is upping its bet on (JD), increasing its stake from 5.9% to 10.8% in China’s second largest online retailer. Wal-Mart said at its investor day today that it’s looking to increase its ecommerce presence overall at a time when traditional retailers are struggling to keep up with online merchants like Amazon (AMZN). The new stake means that Wal-Mart can join Chinese internet company Tencent Holdings (TCEHY), the only strategic partner with a board seat, as an observer at meetings.
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