Saturday 27 October 2012

Walmart eyes slice of China's e-retail market

China's retail hyper-market sector is highly competitive and flooded with both foreign and local players. The Chinese Minister of Commerce has taken the unusual step to enable Walmart to take a major stake in local Chinese e-tailer Yihaodian. The move is expected to help Walmart capture a large slice of Chinese online shoppers. Wang Lihuan is business reporter with international channel Shanghai.
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