China's Yihaodian may choose U.S. market for IPO

07/7/2011 | Bloomberg Businessweek

China's online supermarket Yihaodian may choose U.S. markets when it's time to go public, said Chairman Yu Gang, a former Dell and Amazon executive who founded the company in 2008. Earlier this year, Wal-Mart agreed to acquire a stake in the company, which plans to add 1,000 workers and open a fifth fulfillment center this year as it works to outpace rivals including Alibaba's Taobao.

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