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China Allows Wal-Mart To Acquire Online Retailer Yihaodian Without Restrictions

June 8, 2016: 12:00 AM EST
China's Ministry of Commerce has removed restrictions on Wal-Mart Stores Inc.'s acquisition of online supermarket Yihaodian. In August 2012, Wal-Mart received conditional approval for its deal to increase its investment in the online retailer, becoming its controlling shareholder with a 51-percent stake. In July 2015, Wal-Mart acquired the remaining 49 percent of Yihaodian.
Donny Kwok, "China commerce ministry removes curbs on Wal-Mart's Yihaodian deal", Reuters, June 08, 2016, © Reuters
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