Wal-Mart aims to increase holding in online retailer
By Tang Zhihao | China Daily | Updated: 2012-02-21 08:06
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An advertisement for the online retailer Yihaodian in Shanghai. Wal-Mart Stores Inc is waiting for approval from Chinese regulators to increase its stake in Yihaodian to 51 percent. Shen Jingwei / for China Daily |
SHANGHAI - The US retailing giant Wal-Mart Stores Inc is looking to acquire a controlling interest in Yihaodian, a Chinese online retailer.
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