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Walmart China began in 1996 with the opening of a supercenter and Sam’s Club in Shenzhen. Walmart's Global Sourcing Office was opened in 2002. In 2007, Walmart purchased a 35% interest in Trust-Mart and completed purchasing the rest of the shares in 2012. In 2011, Walmart signed a MOU with the Shanghai local government to establish Walmart’s China eCommerce headquarters in Shanghai. In October 2012, Walmart announced the completion of its increased investment in the holding company of Yihaodian, a fast-growing e-commerce business in China, bringing Walmart’s total ownership stake to approximately 51%.
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