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Walmart Invests In China's Top Online Seller Of Electronics

  • Reuters , Friday, December 24, 2010 9:50 AM
In order to extend its reach to more Chinese buyers, the world's largest retailer has made an investment in 360buy Jingdong Mall, an online B2C company. The amount was not revealed.

"It's a smart move for them (Wal-Mart), because 360buy, in my opinion, is one of the best B2C online companies in China today," said Michael Clendenin, managing director of RedTechAdvisors, a technology research firm.

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