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News Summary: Wal-Mart has China OK for e-commerce

By The Associated Press
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ONLINE OK: Wal-Mart Stores Inc., the world’s largest retailer, received conditional approval from regulators IN China to buy a majority stake in a Chinese e-commerce company.

PRIME CUT: Wal-Mart will increase its stake in Yihaodian’s holding company to about 51 percent from around 17 percent. The financial terms of the deal were not disclosed.

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