Walmart buys out Yihaodian : A new e-commerce giant is born?
After 4 years of existence Walmart has finally bought out 1haodian as part of an aggressive strategy to further its development in the e-commerce sphere. Earlier this month, it has been revealed that the two founders, Gang and Jun Ling have announced their desire to leave Yihaodian, effectively handing over their e-commerce platform to Walmart. Neil…