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Wal-Mart Buying Stake In Chinese E-Commerce Company

Posted on | May 13, 2011 | Comments Off

International acquisitions continue for Wal-Mart as they make moves to position the company for long-term emerging market growth.  This time, it’s in China with a minority stake holding in Yihaodian, a Chinese e-commerce company.  No specifics on the deal were disclosed.

Yihaodian, according to Wal-Mart, has achieved a “significant position in online grocery sales, as well as in categories such as baby/Mom, consumer electronics and apparel.” Wal-Mart executive Eduardo Castro-Wright also said, “By investing in Yihaodian, we’re continuing to establish a presence in this important e-commerce market, and are moving forward on fulfilling our aspiration of being the leading global multichannel retailer.”

I love it.  Massive international growth is why you need to own WMT.