Wal-Mart Stores Acquires Minority Stake in Chinese E-Commerce Company

Wal-Mart Stores is acquiring an undisclosed stake in the holding company of Yihaodian, a three-year-old e-commerce company in China. Wal-Mart did not say how much it was investing, but that it was a minority stake. Yihaodian specializes in online grocery sales, as well as in categories such as baby, consumer electronics and apparel. Other hot retailers in China are Dangdang, which recently went public, 360buy and Alibaba.com, which is in a heated dispute with its partial owner Yahoo.


Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik