Already have an account? Sign in.

 Remember Me | Forgot Your Password?

China Allows Wal-Mart To Acquire Online Retailer Yihaodian Without Restrictions

June 8, 2016: 12:00 AM EST
China's Ministry of Commerce has removed restrictions on Wal-Mart Stores Inc.'s acquisition of online supermarket Yihaodian. In August 2012, Wal-Mart received conditional approval for its deal to increase its investment in the online retailer, becoming its controlling shareholder with a 51-percent stake. In July 2015, Wal-Mart acquired the remaining 49 percent of Yihaodian.
Donny Kwok, "China commerce ministry removes curbs on Wal-Mart's Yihaodian deal", Reuters, June 08, 2016, © Reuters
Domains
E-TAIL360
Companies
Themes
Legislation & Regulation
Geographies
Worldwide
Asia-Pacific
China
Categories
Companies, Organizations
Deals, M&A, JVs, Licensing
Legal, Legislation, Regulation, Policy
Developed by Yuri Ingultsov Software Lab.