Wal-Mart Going After Alibaba? Buys Rest of Yihao

WSJ: Wal-Mart Takes Full Ownership of Chinese E-Commerce Venture Yihaodian
Wal-Mart Stores Inc. said it has taken full ownership of Yihaodian, its Chinese e-commerce venture, solidifying the online retailer as a central part of its strategy in the region.

Earlier this month, the co-founders of Yihaodian announced their departures, adding to speculation that Wal-Mart planned to add to its then-51% stake in the online retailer.

“With full ownership of Yihaodian, Walmart plans to invest in both accelerating e-commerce and creating a seamless experience for customers across online, mobile and stores,” the company said in a statement.

Wal-Mart acquired the remaining Yihaodian shares from Ping An of China, a financial services group, and the co-founders, former Chairman Yu Gang and former CEO Lui Junling, who both left earlier this month. Lu Wang, president and CEO of Walmart Global eCommerce in Asia, will lead Yihaodian as part of his overall executive responsibilities, Wal-Mart said in a statement.

iFeng: 沃尔玛全资控股1号店 或成国内电商巨头?

This article asks if Wal-Mart will challenge Alibaba: 沃尔玛全资控股1号店释放什么信号:挑战阿里?
As the world's largest retail chain giant Wal-Mart has not given up trying to e-commerce.

According to Wal-Mart's Chinese official website shows, in June 2011, Wal-Mart officially launched the e-commerce market in China trip. However, if from a business perspective, 2006 Wal-Mart tried briefly in the domestic electricity supplier channels, but soon abandoned.

December 2010, Wal-Mart's Sam's Club launched online store. According to insiders, when Sam's Club online store using the Wal-Mart headquarters in San Francisco, has developed a global digital commerce platform for two years, after a relatively small scale to test the water, Sam's Club, Wal-Mart supermarkets do again electricity supplier platform will be relatively easy. Statistics show that in 2010, Wal-Mart told the media published the "diversified development in China, is developing e-commerce platform, in order to meet the rapid growth of online shopping needs." In October 2012, when he was vice president of Wal-Mart China area 廖红晖 in the 2012 China Retail Summit said that Wal-Mart has recently launched in China's e-commerce platform, and it as the company's new business growth.

Although not succeeded to establish their own business platform, Wal-Mart in 2012 also timely replenishment of the 1st shop, hands still held electronic business platform resources. Until last week the completion of the 1st round to take over the store, Wal-Mart five years to complete the layout of China's electricity supplier, namely hypermarkets O2O speed internet shopping, electronic business platform on the 1st store and Sam's Club stores and online store App.

Increase in e-commerce channel is considered to be the Wal-Mart in China, an important breakthrough business growth, restructuring the firm and quite urgent for Wal-Mart China, the No. 1 store operators to recover their own hands, coordination of resources is the only way.

Wal-Mart is the world's largest retail company, is the second largest after the Amazon's online retail business, but Wal-Mart's online business in the United States, only 1/7 of the Amazon. Because of weakness in the US consumer market, competitors continue to catch up with Amazon, Wal-Mart campaign which inspired China's ambitions.

And the development of the electricity business operations in China, will have to head-on collision with the electricity supplier boss Ali Baba.

In fact, this competition is not a simple challenge Wal Alibaba, Alibaba challenge also includes Wal-Mart.

As the world's largest chain of retail giant Wal-Mart has been a tyrannical parties want to replace objects. Alibaba Group's new CEO Yong May this year, within the General Assembly, said Ali turnover this year will be more than Wal-Mart world, to become the world's largest retail platform.

Ali seems, Wal-Mart may be the real opponent.

...In the second visit of the communication session, Dongming Lun said that with the development of electronic business, future business model will change on the 1st shop; online and offline integration is the trend, only if each format developed very good case can be better integration between the two. The industry have speculated that Wal-Mart next will further promote the integration of the 1st and Wal-Mart stores.

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