Wal-Mart Stores Inc, the world’s largest retail outlet, is looking to increase its presence in China’s growing e-commerce market by focusing more attention on its relationship with expanding online grocery store Yihaodian (YHD), the outlet has said. Wal-Mart initially invested in YHD in 2011 and increased its stake to more than 51 percent in October 2012…Full Article: China Daily Sept 2014

Key Point

  • According to the article, as of 2014, Walmart has more than 400 retail units operating in China, with the first opening in 1996 in Shenzhen, southern China.

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