Site backed by Wal-Mart to boost mobile sales in China

08/14/2013 | China Daily (Beijing)

Yhd.com started as an online grocery seller when it launched in China five years ago, but the site has ramped up its consumer electronics inventory in the past two years. Wal-Mart owns a 51% stake in the site, which plans to dramatically expand its mobile phone offerings this year, said vice president Wei Huazhen. "Selling mobile phones online has become a major focus for various e-commerce companies, because the products are small, easy to transport and have a relatively high profit rate."

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China Daily (Beijing)

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