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tdp2664 E money daily Wal-Mart Stores Inc. (NYSE:WMT) has decided to buy a minority stake in Chinese grocery store Yihaodian. Wal-Mart Stores Inc. (NYSE:WMT) Expanding China Investment Bentonville, Arkansas based multinational giant retailer Wal-Mart Stores Inc. (NYSE:WMT) has decided to buy a minority stake in Chinese online grocery store Yihaodian. Wal-Mart Stores Inc. (NYSE:WMT) Vice-Chairman Eduardo Castro-Wright said, "Online sales in China are growing rapidly and are projected to match US online sales in the next few years. By investing in Yihaodian, we’re continuing to establish a presence in this important e-commerce market, and are moving forward on fulfilling our aspiration of being the leading global multichannel retailer.” It has been reported that both Wal-Mart Stores Inc. (NYSE:WMT) and Yihaodian will organize a news conference on the matter in the coming week. Wal-Mart Stores Inc. (NYSE:WMT) shares are currently standing at 55.72. Price History Last Price: 55.72 52 Week Low / High: 47.77 / 57.9 50 Day Moving Average: 53.28 6 Month Price Change %: 2.9% 12 Month Price Change %: 6.3%
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