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• Walmart announced the grand opening of a new, 1.2 million square foot distribution center in Bethlehem, Pennsylvania, which it says "is part of a next-generation network to support the company's rapidly growing e-commerce business."

"This Bethlehem facility is part of a dense, multi-faceted network that combines new buildings, existing fulfillment assets, and our portfolio of stores to create thousands of points of distribution," said Neil Ashe, chief executive officer, Walmart Global eCommerce. "All of these elements working together enhance our ability to get more products to customers faster, at a lower cost, and provide more choices for shoppers."

Reuters reports that Walmart has bought out the 49 percent stake that it did not already own in, a Chinese e-commerce company in which took a 51 percent position in 2012.

According to the story, "Wal-Mart's move also comes after China said last month it will allow full foreign ownership of some e-commerce businesses, with the goal of encouraging foreign investment and the development and competitiveness of the sector." It also comes six days after the sudden resignation of Yihaodian's two founders.

Speculation is that Walmart will now be able to work on "a rapid integration of the operation with its own traditional retailing business."
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