Yihaodian

Walmart is continuing its strategy of revamping its businesses in Asia after the U.S. retail giant opened its first e-commerce store in Japan, where it is working with local retail giant Rakuten. The

Walmart sold its China-based e-commerce business in 2016, but the U.S. retail giant is very much involved in the Chinese internet market through a partnership with e-commerce firm JD.com. Alibaba&#821

Walmart is partnering with China's second largest e-commerce firm, JD.com, as it aims to take a larger bite out of the world's most populous country.

Walmart is increasing its efforts in China's e-commerce space after the world's largest retailer took full ownership of Yihaodian, its online retail business in the country.

<a href="http://www.crunchbase.com/company/walmart">Walmart</a> is <a href="http://www.marketwatch.com/story/walmart-global-ecommerce-announces-increased-investment-in-yihaodian-2012-02-19">announcing