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Tag: e-commerce business in China

Wal-Mart Stores, Inc. acquires the outstanding shares in Yihaodian; taking full ownership of its fast-growing e-commerce business in China

SHANGHAI, CHINA,  2015-7-24 — /EPR Retail News/ — Wal-Mart Stores, Inc. (NYSE: WMT) today announced it has acquired the outstanding shares in Yihaodian, taking full ownership of its fast-growing e-commerce business in China.  Wang Lu, president and CEO of Walmart Global eCommerce in Asia, will lead Yihaodian as part of his overall executive responsibilities. With full ownership…

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