china-ecommerce

Walmart Expands Investment in China E-Commerce Through Yihaodian

thestreet.com Walmart (WMT) is boosting its investment in Chinese e-commerce by purchasing the remaining stake in online retailer Yihaodian. Walmart, which previously held 51% of Yihaodian, announced on Thursday that it has taken full ownership of the company. Walmart said through the acquisition, it plans to invest in accelerating e-commerce and creating a seamless customer experience across online, mobile and …