27 July 2015.
The US retailer Walmart has strengthened its position in both the Indian and Chinese markets.
In India, it has extended its ecommerce site to members of all 20 “Best Price Wholesale” stores. Previously it had only been available to members of the Hyderabad and Lucknow stores.
On top of this online expansion, Walmart has also announced that it plans to build 500 new physical stores in the next 15 years.
Meanwhile in China, Walmart has gained complete ownership of the Chinese grocery ecommerce company Yihaodian after it bought the remaining 49% share of the company from its founders.
Walmart has said that the acquisition is part of its “long-term commitment to grow in China”.
With a combined population of around 2.5 billion people, China and India are key countries in the global ecommerce market.