January 19, 2005

Wal-Mart's Joint Chinese Venture with CITIC

Wal-Mart is now set to be a dominant player in the Chinese retail market:

HONG KONG (Reuters) - The world's largest retailer, Wal-Mart Stores Inc., will team up with CITIC Pacific Co. Ltd. to open hundreds of stores in China over the next five years, the Beijing-backed conglomerate said Wednesday.

Posted by Kevin on January, 19 2005 at 07:20 AM