#Wal-Mart purchases controlling stake in #Yihaodan

walmart going onlineFresh from expanding its global footprint by expanding into India, Wal-Mart is seeking to scale the Himalayan ranges and expand into the Middle Kingdom. According to the Economic Times, the American supermarket giant has announced its intention to take a controlling stake in Yihaodian, a Chinese E-commerce firm. This was part of Wal-mart's strategy to consolidate its position in China against a flood of rising competition. With their planned stake in Yihaodian, Wal-mart plans to take e-commerce into the fast moving consumer goods area.

Increasingly, more and more retailers are going online to capture mindshare and market share. We realize the importance of the online channel to reach out to your connected customers. That is why we have come up with Online Retail World Asia, a high-level strategic conference happening in Singapore from the 26-27 April 2012, designed to let you have an exciting discussion on multi-channel strategies & how to engage your customers online. Many leading retailers can't wait to meet here! Come meet them here!

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