Walmart wholly owns China's e-commerce platform Yhd
World's largest retailer, Walmart
Shanghai - XINHUA
Walmart Stores Inc, the world's largest retailer, announced on Thursday it now wholly owns Yhd.com.
Walmart first invested in Yhd in 2011 and increased its stake to about 51 percent in 2012. It recently bought the remainder from Ping An Insurance, former Yhd chairman Yu Gang and former Yhd CEO Liu Junling. Yhd will retain its current brand and management.
Yu and Liu, co-founders of Yhd, announced earlier this month they had decided to leave the company.
The combination of local advantage of Yhd and Walmart's global procurement resources, retail stores and supply chain will help Walmart to bring cheap and quality products to Chinese consumers using a new approach, said Neil Ashe, president and CEO of global e-commerce at Walmart.
Walmart's investment in Yhd is part of its long-term commitment to China, he said.
Yhd was founded in July 2008 and is a small rival to Alibaba Group.
GMT 09:47 2018 Tuesday ,23 January
SAP unveils big push into French tech start-upsGMT 05:07 2018 Tuesday ,23 January
Noble Group shares surge 37 percent on buyout talksGMT 19:07 2018 Monday ,22 January
BAKS spent Dh225m on charity projects in 2017GMT 22:52 2018 Sunday ,21 January
French firm "recalls baby milk product"GMT 22:27 2018 Sunday ,21 January
US company plans funds that double bitcoin price movesGMT 21:23 2018 Sunday ,21 January
Pence starts Mideast tour in Egypt amid Arab angerGMT 08:54 2018 Saturday ,20 January
Million-euro bill for firm behind Paris bike-share chaosGMT 10:47 2018 Friday ,19 January
German chemical giant BASF sees 'significant' profit leap
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 11:44 2017 Saturday ,24 June
Bahrain condemns terror attack on Quetta policeGMT 07:19 2012 Wednesday ,13 June
Freeing Mahmud Sarsak
GMT 18:13 2014 Monday ,26 May
Al Marfa Port upgrade to boost Western Region tourismGMT 06:04 2011 Saturday ,13 August
Saudi need for oil at $85 may speed cutbackGMT 14:20 2012 Monday ,13 February
Lamitta Frangieh: Not my fault I\'m pretty!GMT 11:49 2012 Friday ,13 April
Female raiders break down barriers in AfghanistanGMT 18:44 2011 Monday ,28 February
Ashley Cole shoots Chelsea fan
GMT 09:37 2017 Saturday ,23 December
Brazil to maintain control over Embraer
GMT 09:48 2017 Wednesday ,02 August
Top three yoga poses activity of the brain
GMT 11:53 2017 Monday ,04 September
Expo 2020 Dubai to display post-2021 development plans
GMT 23:06 2015 Saturday ,28 February
Faith Hill's neck scar is from a January operation
GMT 08:04 2016 Sunday ,21 August
Spain's Beitia wins Olympic high jump gold at 37
GMT 21:51 2016 Saturday ,19 November
Three Killed, Dozens Injured in Karachi Blast
GMT 00:19 2013 Sunday ,28 July
Chaabi Song Festival: 3 candidates awardedGMT 05:18 2011 Friday ,21 October
China-ASEAN business and investment summitGMT 19:13 2011 Thursday ,14 July
FBI probes possible News Corp. hacking in US
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor