Caixin reports Wal-Mart Stores Inc. will exchange its main Chinese shopping website for around $1.5 billion worth of shares in JD.com Inc., China’s second largest e-commerce company, in hopes of bolstering its presence in the country’s burgeoning but cutthroat online shopping market. Wal-Mart will sell its Yihaodian website for 145 million newly issued class A shares in JD.com, amounting to about 5 percent of the Chinese company, the pair said in a joint statement on June 21. JD’s American depositary shares closed up 4.62 percent at $21.06 following the news, valuing Wal-Mart’s stake at roughly $1.5 billion. Wal-Mart shares rose slightly to $71.10 on the New York Stock Exchange.