Walmart to invest $1.2 billion in China to upgrade logisticsChristian 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
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. ■