Launched in July 2008, Yihaodian offers more than 75,000 SKUs and has achieved a significant position in online grocery sales, as well as in categories such as baby/Mom, consumer electronics and apparel.
The acquisition will increase the accessibility of real-time video and voice communications, bringing benefits to both consumers and enterprise users and generating significant new business and revenue opportunities.
The US Department of Justice said the deal as proposed would "substantially lessen competition in three product marketsvalue shampoo, value conditioner and hairspray sold in retail stores."
