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Short bets at record as Walmart fails to subdue JD.com bears

Cooperation with Wal-Mart is unlikely to bring a quick and easy result for the company, says an analyst

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JD.com is forced to increase spending amid intensifying competition with market leader Alibaba Group Holding.

New York

NOT even a stronger alliance with the world's largest retailer was enough to convince short sellers that JD.com Inc's recovery will last.

Bearish bets on China's second-largest e-commerce company rose to record levels after Wal-Mart Stores Inc said in a regulatory filing