Keywords: Wal-Mart, Yihaodian, online trading, foreign investment
US based supermarket conglomerate Wal-Mart Stores, Inc. announced on 23 July 2015 that it has acquired full ownership in Yihaodian.com, a fast-growing online shopping platform that Wal-Mart has invested in since a couple of years ago.
In light of the recent relaxations announced by the State Council and Ministry of Industry and Information Technology in respect of online trading based e-commerce business, this acquisition is noteworthy as it signals that foreign investment in online trading based e-commerce business is no longer subject to investment or regulatory restrictions.
Originally published 5 August 2015
Visit us at www.mayerbrown.com
Mayer Brown is a global legal services organization comprising legal practices that are separate entities (the Mayer Brown Practices). The Mayer Brown Practices are: Mayer Brown LLP, a limited liability partnership established in the United States; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales; Mayer Brown JSM, a Hong Kong partnership, and its associated entities in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. "Mayer Brown" and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions.
© Copyright 2015. The Mayer Brown Practices. All rights reserved.
This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein. Please also read the JSM legal publications Disclaimer.