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Walmart Newsroom
Express News | Walmart and Meituan have reached a Global Strategy cooperation, with all national stores fully joining Meituan.
Walmart's subsidiary in Mexico has been accused of monopolistic behavior and may face fines of up to 8% of its revenue.
On December 17, according to Reuters, Mexico's antitrust regulator Cofece stated on Monday that if Walmart's local subsidiary Walmex does not comply with a ruling prohibiting the retailer from engaging in certain practices deemed illegal, it may face a fine of up to 8% of its revenue. Cofece's statement provides more details about a ruling announced by Walmex last Friday, which required the company to pay a fine of over 93 million pesos (approximately 4.62 million dollars) due to its involvement in monopolistic behavior concerning its suppliers. The regulatory agency said.
Express News | Walmart : Jefferies Raises Target Price to $111 From $105
Express News | Walmart plans to invest 1.3 billion dollars in Chile over the next five years, opening 70 new stores.
Walmart Partners With Delivery Firm Meituan in China
Express News | Walmart China: Announces a Strategic Partnership With Meituan
Walmart China has reached a strategic cooperation with Meituan (03690.HK).
Walmart China and MEITUAN-W (03690.HK) announced a strategic partnership, where both parties will fully leverage their respective strengths and collaborate deeply in areas such as instant delivery, Commodity richness, Commodity operations, digital customer capabilities, and digital marketing, to jointly create a new customer-centric omnichannel retail momentum. Currently, all Walmart stores nationwide have fully launched on MEITUAN and are integrated with MEITUAN's delivery service. Walmart's Chief Procurement Officer, Zhu Jun, stated that this collaboration is an effective complement to Walmart's omnichannel layout, allowing customers to enjoy a more convenient shopping experience through multi-touchpoint shopping. MEITUAN's Vice President and head of the Flash Purchase Division, Xiao Kun, stated that both...
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Walmart Options Spot-On: On December 16th, 118.61K Contracts Were Traded, With 2.02 Million Open Interest
On December 16th ET, $Walmart(WMT.US)$ had active options trading, with a total trading volume of 118.61K options for the day, of which put options accounted for 24.43% of the total transactions,
Mexico's Regulators Impose 10-year Special Restrictions on Walmart's Subsidiary
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Walmart's Mexico Subsidiary Faces Regulatory Scrutiny
Mexican Regulator Threatens More Fines on Walmart Unit, Reuters Reports
Express News | The Mexican antitrust regulatory agency: Walmart has engaged in illegal activities in the supply and distribution of food, beverages, household hygiene, and cleaning products in Mexico. There will be a verification in ten years to see if Walmart complies