Wal-Mart To Open 40 More Stores in Guangdong

walmartIn the strategic cooperation memorandum signing ceremony held on April 20 in Guangzhou, Wal-Mart signed with Guangdong provincial government to open 40 new stores and a cold-chain logistics distribution center in the next five years. In 1996, Wal-Mart entered the Chinese market by opening its first store in Shenzhen. Now, the retail giant has over 400 stores throughout the country and 92 of them are located in Guangdong, the province with the most stores. This year, Wal-Mart will open eight new stores, including the first shops in the eastern Puning and northwest Qingyuan areas. (gd.qq.com)