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Rumor: Wal-Mart Buys 20% Stake in B2C Yihaodian
Southern Metropolitan News, 9/09/11
An industry source said today that the Ping An Insurance Group had sold a 20% stake in Shanghai-based B2C e-commerce website Yihaodian to Wal-Mart for USD 65 mln. Read More
Wal-Mart Acquires Minority Stake in Yihaodian
21st Century Business Herald, 5/16/11
Yu Gang, co-founder and chairman of Shanghai-based Yishiduo E-Commerce, operator of B2C e-commerce website Yihaodian, yesterday said that he could not yet disclose details concerning the company's cooperation with global retail giant Wal-Mart, but an announcement would be made next week. Read More
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