Wednesday, August 15, 2012
China approves Wal-Mart control of online supermarket
China said Tuesday it has approved a plan by Wal-Mart Stores Inc. to gain control of a local online supermarket, but imposed conditions on the deal over concerns it could hinder competition. The approval comes after the US-based global retail giant announced in February that it reached a deal to increase its investment in the holding company of Chinese e-commerce website Yihaodian to about 51 percent.Wal-Mart plans to increase its stake in Chinese e-commerce website Yihaodian to about 51% (AFP,
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment