Walmart Raises Its Stake in Fast-Growing China Online Supermarket

Walmart has increased its investment in Chinese online supermarket Yihaodian to a majority stake, Bloomberg said. Yihaodian, which offers more than 180,000 SKUs, including CPGs, consumer electronics and apparel, plans to expand its product offerings, while opening more warehouses and delivery outlets. The company saw its sales more than triple last year, the story said.

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