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WMT Walmart Inc

60.305
-0.315 (-0.52%)
Last Updated: 20:44:13
Delayed by 15 minutes
Share Name Share Symbol Market Type
Walmart Inc NYSE:WMT NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.315 -0.52% 60.305 60.845 60.22 60.62 8,347,098 20:44:13

Walmart to Invest About $1.2 Billion in China for Supply-Chain Logistics

01/07/2019 8:36pm

Dow Jones News


Walmart (NYSE:WMT)
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By Michael Dabaie

 

Walmart Inc. (WMT) said it plans to increase its investment in China, with 8 billion yuan ($1.2 billion) for supply-chain logistics.

The retailer said it launched its first customized perishable distribution center for the south China region in March, at a cost of CNY700 million to build. The distribution center serves Walmart stores in the Guangdong and Guangxi regions, the company said.

Walmart said it will invest in more than 10 distribution centers in China in the next 10 to 20 years.

 

Write to Michael Dabaie at michael.dabaie@wsj.com

 

(END) Dow Jones Newswires

July 01, 2019 15:21 ET (19:21 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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