Walmart China strategy: 110 new stores, e-commerce and real estate
The world's largest retailer by sales, Wal-Mart Stores Inc, will open 110 new outlets in China within three years, senior executives said on Thursday.
At the same time, the United States-based company will invest in higher-growth sectors such as e-commerce and real estate.
Greg Foran, Walmart China president and chief executive officer, said that the company's focus in China will be investment and development, while quality should take precedence over quantity as the company grows in the country. [Read More]
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