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Showing posts with label competitive prices. Show all posts
Showing posts with label competitive prices. Show all posts

February 22, 2012

Wal-Mart increases stake in Chinese e-commerce firm

SHANGHAI: Wal-Mart Stores Inc said on Monday it has reached an agreement to raise its stake in a Chinese e-commerce firm, Yihaodian, to around 51 per cent as the world's largest retailer aims to boost its presence in China's fast growing consumer market.