Signage for the first Wal-Mart Supercenter in Shanghai, one of more than 180 stores the retail giant owns in China. It holds an interest in additional 104 Trust-Mart stores there.
Reuters reports today that Wal-Mart Stores Inc. of Bentonville is considering a bid for the Hutchison Whampoa Ltd. conglomerate's ParknShop chain, a supermarket group controlled by Asia's richest man, Li Ka-shing.
All this, as Wal-Mart continues to push forward with expansion plans in China.
Wal-Mart isn't commenting on the report. Reuters cited sources "familiar with the matter."
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