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 10:16 2016 Wednesday ,23 March
cartoon five
GMT 16:17 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licences
GMT 05:06 2024 Tuesday ,06 February
New hunt for flight MH370 gets under way
GMT 02:07 2017 Wednesday ,01 February
Center of excellence within Vision 2030
GMT 06:53 2017 Tuesday ,30 May
Dubai has a drone that can defuse bombs remotely
GMT 19:55 2017 Friday ,10 November
Safe in a camp, Rohingya children face death by malnutrition
GMT 19:17 2017 Thursday ,18 May
Tara Emad only in “Lamie the Cat” series
GMT 12:58 2016 Saturday ,26 November
When art and fashion collide
GMT 10:17 2013 Wednesday ,12 June
Syrian TV soap recreates Damascus in Gulf desert
GMT 04:43 2015 Friday ,24 April
Armenian church mourns 1.5m genocide victims shadeGMT 07:15 2012 Tuesday ,09 October
Strippers perform for the dead
GMT 07:57 2017 Friday ,29 December
Fire engulfs Mumbai building, killing at least 15 people
GMT 02:09 2016 Sunday ,03 July
Paris bans old cars from streets in pollution crackdown
GMT 15:08 2016 Saturday ,11 June
Sun-powered Solar Impulse 2 aircraft reaches Liberty
GMT 12:36 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusation
GMT 09:02 2016 Friday ,23 December
Uber moves self-driving cars from San Francisco to Arizona
GMT 13:04 2017 Saturday ,13 May
Lexi Alexander criticizes “Ex-Baghdad” movie
GMT 17:51 2017 Tuesday ,11 July
Five desktop yoga poses for workaholics
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