Wal-Mart to sell China online unit to JD.com for a 5% stake
Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer JD.com Inc for a 5 percent equity stake in JD.com, a strategic alliance that aims to expand WalMart`s reach in China to more customers.
Jun 21, 2016, 03:14 AM IST
Wal-Mart buys out China e-commerce firm Yihaodian in online push
Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday.
Jul 23, 2015, 15:18 PM IST
