...website Yihaodian to about 51 percent.Wal-Mart plans to increase its stake in Chinese e-commerce website Yihaodian to about 51% (AFP, Philippe Taillan)
China's Ministry of Commerce said in a statement Tuesday it...
... firm Yihaodian, as the world's largest retailer seeks new revenue sources to fend off rising competition in the world's fastest-growing major economy.
... firm Yihaodian. Wal-Mart was also part of a consortium that invested in Chinese online electronic retailer 360buy. (Reporting by Melanie Lee; Editing by Jacqueline Wong)
...store Yihaodian, or "number one store" in Chinese. It did not provide financial details of the deal.Consumer online spending in China nearly doubled to 513.1 billion yuan ($79.3 billion) in 2010 from a year...
...store Yihaodian (Photo: AFP, Spencer Platt)
Wal-Mart's rocky mission to buy Massmart Holdings Ltd went from a full-out acquisition unveiled in September to Wal-Mart switching its stance two months later to buy a 51...
...company Yihaodian, giving the world's largest retailer a stronger foothold online and in the fast-growing China retail market.The firm also invested in China's top online seller of consumer electronics and...