Walmart committed to China rollout

Retail giant Walmart is to add new stores in the competitive grocery market of China.

The new locations include Zhuahai, Huizhou, Yunnan and Fujian. Walmart is also slated to open in Shenzhen before the year ends.

The new stores are part of the 30 it plans to open in China this year.

The retailer has 370 stores across China since it entered the nation in 1996.

Walmart closed three stores in April but reaffirmed its commitment to the market, promising to make new investments to fulfill its plan to open 100 new stores over the next three years.

Other foreign retailers are also facing the same dilemma in China. British retailer Tesco even gave up operating alone in the market, forging a joint venture with Chinese retailer China Resources Enterprises and combining the two chains.

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