Walmart’s online subsidiary in China, Yihaodian, has clocked 11.54 billion yuan (US$1.89 billion) sales in 2013.

The online retailer also said its registered user base has grown from 29 million in 2012 to 57 million in 2013.

Walmart owns 51 per cent stake in Yihaodian, which has been growing at a rapid pace in line with China’s e-commerce market, which is expected to be nearly as large as that of the US by 2016.

“China is a key strategic market for Walmart and we are very well positioned to serve the country’s emerging middle-class with great products they can trust. Our management team is committed to continued growth in large and smaller cities across China,” said Walmart president and CEO Mike Duke.

Yihaodian faces stiff competition from market leaders Alibaba-owned Taobao and Tmall, which achieved a combined sales of more than 30 billion yuan ($4.9 billion) during Single’s Day on November 1.