Walmart is reportedly opening 500 stores in China, doubling its store count

Walmart reportedly has plans to open 500 new stores in China in the next five to seven years. The news was first reported by Chinese newspaper, China Daily, and later followed up by CNN to include additional details. According to China Daily, the new locations will include a mix of smaller stores and supercenters as well as warehouses to fulfill online orders. Walmart first opened its doors in China in 1996 and has since grown to have 433 stores there.

Walmart reportedly has plans to open 500 new stores in China in the next five to seven years. The news was first reported by Chinese newspaper, China Daily, and later followed up by CNN to include additional details. According to China Daily, the new locations will include a mix of smaller stores and supercenters as well as warehouses to fulfill online orders. Walmart first opened its doors in China in 1996 and has since grown to have 433 stores there.

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Source: CNBC - 🏆 12. / 72 Read more »