Walmart Takes E-commerce Leap In China
Yihaodian.com, a Chinese business-to-consumer shopping website, has announced that it has reached a strategic cooperation agreement with Walmart Stores Inc. to jointly develop services for the Chinese...
View ArticleWalmart's Chinese E-commerce Initiative Takes Further Shape
Yihaodian.com, a Chinese B2C e-commerce website and a subsidiary of Wal-Mart, announced that since the launch of its open supply chain platform named "Service by Yihaodian" in June 2012, this project...
View ArticleYihaodian.com Claims Record Chinese E-commerce Sales
Yihaodian.com, the Chinese B2C e-commerce website subsidiary of the American retailer Walmart, realized sales of CNY11.54 billion in 2013. According to Yu Gang, chairman of Yihaodian.com, the company's...
View ArticleTCL Acquires Sanyo's TV Plant In Mexico For HKD120 Million
Chinese electronics company TCL announced plans to invest HKD120 million to acquire a color TV plant in Mexico from Sanyo. TCL said that the two parties signed an asset acquisition agreement on March...
View ArticleJD.com Now Owns Walmart's Chinese Internet Business
JD.com, the smaller rival to Chinese e-commerce behemoth Alibaba, has made people notice it again with the announcement that it has acquired Yihaodian.com, which is owned by U.S.-based Walmart....
View ArticleChinese E-commerce Firm Shifts Top Leadership
What's wrong with staying in China? JD.com's CEO will depart for the United States for family reasons and take a lesser role within the Chinese e-commerce company. Chinese B2C e-commerce website JD.com...
View ArticleWalmart Bets Bigger On China's E-commerce Growth
U.S. supermarket chain Walmart has doubled down on its high expectations for China's e-commerce growth. Walmart increased its stake in Chinese e-commerce firm JD.com to 10.8% from 5.9%, three months...
View ArticleWho's Your Dada? Walmart Deepens Role In Chinese Internet Company
U.S.-based Walmart is making deeper inroads into China's Internet with enhanced investment in one of China's rising e-commerce firms. Walmart has made a US$50 million strategic investment in New Dada,...
View ArticleScarlett Johansson Sues Disney Over Release; New Rules for China IPO Hopefuls...
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