date:Dec 23, 2013
Walmart says that Hong Kong's market is too competitive and it is instead focused on expanding stores and streamlining supply chains on the mainland and in India. We enter a market because we believe that we're able to add value to the customer and make a difference through scale, Walmart Asia chief executive Scott Price said in Hong Kong yesterday, adding that given the maturity and the duopoly that exists in Hong Kong, opening stores in the city did not interest the US-based firm.
The focus w