As reported in this CNBC article, Wal-Mart is planning for more big investments into its e-commerce side of business.
As Wal-Mart plans for the next several years, they have made public its plans to slow down in opening new brick-and-mortar stores, while it plans to invest in its e-commerce business. In recent news, you may recall that Wal-Mart purchased Jet.com in a move to compete with Amazon.com in e-commerce. This news for Wal-Mart to focus its investing in e-commerce means that they are taking the e-commerce industry as growing and realize the opportunity to compete with Amazon.com.
Wal-Mart plans to spend $11 billion toward its business through 2017, and much of that money will be spent on growing their e-commerce business. Also, Wal-Mart also doubled its shared the the Chinese e-commerce site JD.com. They now have 10.8% in this Chinese e-commerce business, and it will help them with their online sales in China.
