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Walmart to invest $1.2 billion in China to upgrade logistics

Christian Fernsby ▼ | July 1, 2019
Walmart plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics.rn
Asia   Walmart
The company will also set up or renovate more than 10 logistics centers in the country.

The comments followed a meeting between President Donald Trump and his Chinese counterpart Xi Jinping over the weekend in Osaka, Japan that rekindled hope for a U.S.-China trade deal.

Walmart operates a number of formats in China, including hypermarket, Sam’s Club and Walmart supermarket, with 400 retail units covering more than 180 cities nationwide.