NEW YORK—Wal-Mart Stores Inc. wants to make a bigger play for Chinese consumers online.
The world’s largest retailer purchased the remaining stake it didn’t own in China’s Yihaodian, an online retailer. Wal-Mart is attempting to follow consumers as they migrate to the Internet in China, a country where the retailer has struggled to adjust to buying habits and local competition.
Financial terms were not disclosed.
Yihaodian, founded in 2008, sells more than 8 million products.
