Walmart To Expand Its Logistics, Distribution Centers Across China

Walmart, the world's largest retailer, will open 30 new stores in China in 2016, Walmart China president and CEO Sean Clark said Thursday.

0
The Walmart store in Hayden

Besides the 30 new stores, Walmart will upgrade 60 existing stores and expand its logistics and distribution centers. It will also introduce a cross-border e-commerce service in 2016, according to Clark.

The Walmart store in HaydenWalmart will launch its first community shopping center in China in 2016. The center, in Zhuhai City, Guangdong Province, will be wholly designed, constructed and managed by Walmart, he said.

The 100,000 square meter Zhuhai Mall will cost 600 million yuan (about 92 million U.S. dollars), according to earlier media reports.

Walmart entered the Chinese mainland in 1996 and had 433 outlets in 169 cities across the country by the end of 2015.

Source: Xinhua

Send your news stories to newsghana101@gmail.com Follow News Ghana on Google News

LEAVE A REPLY

Please enter your comment!
Please enter your name here