From the sometimes amusing Xinhua:
The new building will be put into use by August 2006, said DingLiye, general manager of the company.Ding said besides Shenzhen's location neighboring Hong Kong, support from its Chinese partners and local government also helped Wal-Mart decide to move its Asian headquarters.
Wal-Mart has opened more than 40 outlets in major Chinese cities, including Shenzhen, Beijing, Harbin and Nanjing, since its entry into China in 1996. The retailer employs more than 20,000 employees in the country.
Posted by Kevin on March, 21 2005 at 11:06 AM
