Rumor: JD.com to Acquire Yihaodian

Sohu IT, 6/18/16

Chinese B2C e-commerce platform JD.com (Nasdaq: JD) is close to wrapping up a deal to acquire rival Yihaodian, a Shanghai-based company owned by American retailer Wal-Mart, for over RMB 40 bln, according to veteran industry observer Lin Fenglei.

Another source said that HNA Group is also interested in potentially purchasing Yihaodian.

Editor's Note: In response to Marbridge's request for comment, JD.com VP of International Corporate Affairs Josh Gartner said that it is JD.com's corporate policy not to comment on market rumors. For more information on this topic, please see "Wal-Mart Buys Remaining Yihaodian Shares," MD 7/22/15 issue.

Keywords: Lin Fenglei e-commerce HNA Group Internet B2C Yihaodian JD.com JD M&A

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