Stake purchase
By Lu Nengneng |
August 26, 2011, Friday
|
Print Edition
Print Edition
WAL-MART Stores Inc has completed a stake purchase in Yihaodian, a web-based retailer, to extend its presence in China's e-commerce.
Both sides are now working together and will share the resources in goods supply, warehouse management and logistics, Yu Gang, president of Yihaodian, said in an interview with China Business News. No transaction details were disclosed.
Apart from the stake purchase, Wal-Mart is also planning to speed up its own online store opening after Wal-Mart Global Ecommerce unit set up its China e-commerce headquarters in Shanghai in June.
Founded in 2008, Shanghai-based Yihaodian sells groceries, consumer electronics, toys and clothing. It has more than 90 delivery centers in 27 cities on the Chinese mainland.
Both sides are now working together and will share the resources in goods supply, warehouse management and logistics, Yu Gang, president of Yihaodian, said in an interview with China Business News. No transaction details were disclosed.
Apart from the stake purchase, Wal-Mart is also planning to speed up its own online store opening after Wal-Mart Global Ecommerce unit set up its China e-commerce headquarters in Shanghai in June.
Founded in 2008, Shanghai-based Yihaodian sells groceries, consumer electronics, toys and clothing. It has more than 90 delivery centers in 27 cities on the Chinese mainland.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
