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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...

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Walmart'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...

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Yihaodian.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...

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TCL 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...

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JD.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....

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Chinese 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...

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Walmart 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...

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Who'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,...

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Scarlett Johansson Sues Disney Over Release; New Rules for China IPO Hopefuls...

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