RSS   Newsletter   Contact   Advertise with us

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
Walmart
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.


 

MORE INSIDE POST