Supermarket retailer Wal-Mart China says it will build four more outlets in the southern Chinese province of Yunnan, including one in Kunming, before the end of the year.
It also expects to launch more than 20 stores in Yunnan, including 12 in Kunming, before the end of 2020.
Wal-Mart China COO Jim Thompson says the company has always been confident about the Chinese market, which it entered 20 years ago.
In Yunnan, it will not only invest more than CNY60 million (US$8.9 million) to upgrade its stores in Kunming, but will also open four outlets in the province before the end of this year.
Wal-Mart has been enhancing its stores while adding new ones across China. So far, it has invested more than CNY350 million in its upgrade program, improvements including high-performance air-conditioning pumps, LED lighting and leaf-vegetable spray racks.
