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BUSINESS NEWS: WALMART ACQUIRES THE REMAINDER OF YIHAODIAN
U.S retail giant, Walmart, has acquired the remaining 49% of Chinese e-commerce group, Yihaodian. After years of fighting into online retail and competing with notable names like Alibaba, Walmart has its foot in the door with its recent rise of 12% in its internet sales numbers. Already containing 51% stake in Yihaodian prior to its...