China Economic Review
Charting China’s changing economic terrain · Since 1990
Wal-Mart to invest $24m in Sichuan stores
October 26, 2009
Wal-Mart plans to invest $24 million in opening five new stores in different Sichuan cities and is considering building its fourth China logistics center in the province. Wal-Mart China Senior Business Director Liao Honghui said that the company has spent more than $100 million opening over 30 stores in western China in the past ten years.It plans to open another two stores, in addition to the five mentioned, in the Sichuan cities Chengdu and Mianyang in 2010.
Liao also noted the company’s three existing Chinese logistics centers are located in Shenzhen, Tianjin and Jiaxing, Zhejiang province.
JLM Pacific Epoch reports that Wal-mart had 158 stores in China by September 1.