Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Walmart to invest $1.2 billion in China over the next 10 years to upgrade logistics

Walmart to invest $1.2 billion in China over the next 10 years to upgrade logistics
FILE PHOTO: Walmart's logo is seen outside one of the stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski -
Copyright
Kamil Krzaczynski(Reuters)
Euronews logo
Text size Aa Aa

BEIJING (Reuters) – Walmart <WMT.N> plans to invest 8 billion yuan ($1.2 billion) in China over the next 10 years to upgrade logistics, the U.S. retail giant said in a statement on its verified social media account Monday.

The company also said it will set up or renovate more than 10 logistics centres in the country.

(Reporting by Pei Li and Ryan Woo; Editing by Susan Fenton)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.