Wal-Mart Backs China E-commerce Company Yihaodian
Wal-Mart Stores Inc. said Friday that it has taken a minority stake in the holding company of Yihaodian, an eCommerce company in China. The deal is expected to close within 60 days. Three-year-old Yihaodian sells products online ranging from groceries to consumer electronics and clothing.
13 May 2011•2 mins read
