Monday, October 15, 2012

Walmart's Chinese E-Commerce Buy Comes With a Catch

China's Ministry of Commerce is forcing Yihaodian, China's biggest food e-commerce site, to reorganize in the wake of Walmart's purchase of a 51.3 percent stake in the company. The anti-monopoly ruling will require that Yihaodian separate its business-to-consumer services at yihaodian.com from its third-party offerings, which will be moved to a separate, thus far nonexistent site. Yihaodian is reportedly planning to start selling products offline as well, but anti-monopoly regulations prohibit these brick-and-mortar outlets from being associated with Walmart.


Source: http://ectnews.com.feedsportal.com/c/34520/f/632000/s/2460f180/l/0L0Stechnewsworld0N0Crsstory0C763660Bhtml/story01.htm

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