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Chinese antitrust regulators provide restricted approval for Wal-Mart (WMT) to increase its...
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Tuesday, August 14, 2012, 6:12 AM ETChinese antitrust regulators provide restricted approval for Wal-Mart (WMT) to increase its stake in e-commerce company Yihaodian to 51% from 18%. While the authorization took a while in coming, Wal-Mart will now be able to better exploit the booming Chinese consumer e-commerce maket, which is expected to grow fivefold to 665B yuan ($100B) over the next two years.
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