Walmart China to expand with 110 new stores
States-based company will also invest in higher-growth sectors, such as e-commerce and real estate, the
Beijing: Retailer store Wal-Mart has announced it will open 110 new outlets in China within three years.
The United States-based company will also invest in higher-growth sectors, such as e-commerce and real estate, the China Daily reports.
Walmart China president and chief executive officer Greg Foran said that the company is focusing more on investment and development in China, while giving precedence to quality over quantity.
According to the report, the retailer has already opened 30 new stores and Sam''s clubs in China within one year.
The expansion plan includes more stores in third-tier and fourth-tier cities between 2014 and 2016, the report added.