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In May 2011, the retail giant Walmart first invested in Yihaodian, [3] with aims to integrate its logistics to Yihaodian's supply chain. [6] In 2012, Walmart announced its further investment to Yihaodian under the approval of Chinese Ministry of Commerce, which had led Walmart became the biggest shareholder of Yihaodian (51.3% of shares). [7]
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Figural glass Christmas ornaments originated in the small town of Lauscha, Germany in the latter half of the 19th century. [32] The town had long produced fine glassware. The production of Christmas ornaments became a family affair for many people. Some families invested 16 hours a day in production. For some, it was their sole source of income.
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One noted Christmas ornament authority is Clara Johnson Scroggins who has written extensively on the topic and has one of the largest private collections of Christmas ornaments. [11] In 1996, the ornament industry generated $2.4 billion in total annual sales, an increase of 25% over the previous year.
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