Walmart to invest $1.2 billion in China over the next 10 years to upgrade logistics


Reuters

Walmart plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the U.S. retail giant said in a statement on its verified social media account Monday.

The company also said it will set up or renovate more than 10 logistics centres in the country.

 

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