date:Dec 23, 2013
ill be on western China and second- and third-tier cities where the company sees opportunities to leverage its global sourcing and distribution network to compete against less resourceful regional players. Walmart is the third-largest supermarket chain on the mainland with a market share of 5.8 per cent and US$9.2 billion in revenue last year, according to China Market Research Group (CMRG). The firm has more than 11,000 outlets worldwide, including 20 in India where, because of prohibitions on