Tuesday, January 27, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Reports Second Quarter Results
Smart TVs Could Be Hackers' Next Target
Oculus Forms Virtual-reality Film Studio
Dell Launches Malware Protection and Detection Service
Motorola Returns To The Chinese Market with Three New Phones
LG Display Buys Rights To Use New OLED Technology
Turkish Court Orders Facebook to Remove Pages Insulting Mohammad
Malaysia Airlines And Russian Dating Sites Topface Websites Hacked
Active Discussions
Sound card for my Laptop
full screen wide screen
Hi
About the restriction problem of chapter quantity in DVD
Booktype utilities for LiteON and OEM DVD Recorders
downgrade a nero vision 5 project to nero vision 2
what is the minimum burning speed
GSA-4163B and bitsetting
 Home > News > General Computing > Walmart...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, February 20, 2012
Walmart To Invest In China e-commerce Firm


Wal-Mart Stores, Inc. announced today that it has reached an agreement to increase its investment in the holding company of Yihaodian, a fast-growing eCommerce website in China.

The move will bring Walmart's total ownership stake to approximately 51 percent. Closing of the transaction is subject to Chinese government regulatory approval.

Launched in July 2008, Yihaodian offers more than 180,000 SKUs and has achieved a significant position in online grocery sales, as well as in categories such as baby/mom, consumer electronics and apparel. The company has 5,400 employees and a logistics network based in Shanghai, Beijing, Guangzhou, Wuhan and Chengdu.

Neil Ashe, President and CEO of Walmart Global eCommerce, said, "This investment further enables Walmart to deliver a superb customer experience to Chinese consumers that are already connected to the world through smart phones and social media. We are on track to create the next generation of eCommerce, offering the latest in online innovations to give our customers a unique shopping experience."

In China, Wal-Mart has faced intense competition on the mainland, where it competes against China's Sun Art and China Resources Enterprise, with local brands such as Yonghui and Shinshiji.

With 173 million Chinese people shopping online, China's e-commerce industry is expected to surpass 750 billion yuan ($118 billion) in gross merchandise value in 2011, more than the gross domestic product of Vietnam. It is expected to become the world's largest e-commerce market in 2015, Boston Consulting Group said in a report.


Previous
Next
Chinese Court Rules Shops Should Pull iPads        All News        Smartphone Solution Recommends the Appropriate Path of Incoming Calls
Chinese Court Rules Shops Should Pull iPads     General Computing News      Intel Focuses On Low Power And RF At ISSCC

Get RSS feed Easy Print E-Mail this Message

Related News
Walmart Launches Smartphone Trade-In Program
Wal-Mart and Apple Cut Price Of iPhone 5
American Express and Walmart Launch Bluebird Prepaid Card
Wal-Mart To Offer New Version Of Angry Birds
Walmart Releases UltraViolet Disc-to-Digital Service
Walmart 's Customers Can Now "Like" the Stores They Love on Facebook
Walmart to Integrate VUDU
Walmart Acquires VUDU

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .