Yihaodian teams up with Wal-Mart online
By Gao Yuan | China Daily | Updated: 2011-07-11 08:01
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Wal-Mart Stores Inc has reached an agreement to acquire a minority stake in Yihaodian.com. The agreement endorsed Yihaodian to sell Wal-Mart's self-owned branded products, including Great Value, one of Wal-Mart's most famous food brands in China. Provided to China Daily |
BEIJING - Yihaodian.com was neither the oldest nor the biggest online shopping website in China, nevertheless it won Wal-Mart Stores Inc's favor this summer and made the US retail giant a shareholder.
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