Wal-Mart's acquisition of Shop No. 1th behind the approval: Power business headquarters to Shanghai help

After nearly 9 months of waiting, the world's retail giant Wal-Mart to buy http://www.aliyun.com/zixun/aggregation/34734.html "> Domestic electric Business Enterprise 1th, the drama finally won the approval of the Ministry of Commerce."

August 13, the Ministry of Commerce announced that "decided to impose restrictive conditions approved Wal-Mart acquisition Niu Holdings Limited (hereinafter referred to as" Niu holding ") 33.6% equity operators concentrated", so far, Wal-Mart through its wholly-owned subsidiary GEC 2 PTE. LTD. (hereinafter referred to as "GEC 2") to NIU Holdings from 17.7% to 51.3%, officially become a controlling shareholder, and through NIU Holdings to gain more than 1th shop online direct business control rights.

However, the acquisition will still need to obtain the approval of the relevant regulatory authorities and meet other final trading conditions.

Wal-Mart in China entity business Super form of operation has been orderly, but the development of new e-commerce business situation is not a small improvement. The successful holding of store 1th will probably be a key node for Wal-Mart's transformation in China.

A person close to the management of Wal-Mart and store 1th told reporters that the antitrust investigation, which had been so long, was finally successful and came from a variety of driving forces, including the Shanghai and Pudong New Area government, Wal-Mart's active promotion. "July 22, Vice Minister of Commerce Wang visited Wal-Mart's E-commerce headquarters in California, and the August antitrust news was announced. ”

The back thrust of the approved

Wal-Mart officially entered China since 1996, as of March 1 this year, has opened in 140 cities nationwide 370 shopping malls, physical store sales and open shop speed overall stability in a rise.

However, in recent years, the rapid popularization of e-commerce in China's one or two-line developed cities has made the foreign retailing giant realize that its e-business model, which has already been implemented in the United States, should be geared towards China as soon as possible, lest it be lost at the start.

After the holding of the company Jingdong Mall fell, Wal-Mart will weigh the weight in the daily retail online direct service to the start of shop 1th. From May 2010 to the following May, Wal-Mart obtained some shares of No. 1th store from Ping an. November 24 last year, Wal-Mart and its wholly-owned subsidiary GEC 2 and Shanghai Yi-Real E-commerce Co., Ltd. and other companies signed the "Share agreement", the proportion of the shareholding also increased from 17.7% to 51.3%. The same year December 16, the Ministry of Commerce received Wal-Mart acquisition of NIU Holding 33.6% shareholding of the operators concentrated declaration.

"During the period under review, the Ministry of Commerce raised the issue of competition that might arise in this concentration," the ministry said in a statement. July 3, 2012, Wal-Mart submitted to the Ministry of Commerce the final commitment to solve the competition problem. After assessment, Mofcom believes that this commitment will reduce the potential adverse impact of this concentration on market competition.

Finally, the Ministry of Commerce in the past antitrust investigation to Wal-Mart "chapters", that is, "NIU Shanghai, only to use their own network platform directly engaged in the sale of goods part; Niu Shanghai should not use its own network platform to provide network services for other traders , Wal-Mart companies are not allowed to engage in the VIE structure of the current value-added telecommunications services to operate.