Wal-Mart invests in Chinese e-commerce

Earlier in december, Wal-Mart has announced the creation of a new supermarket chain in China. Specially designed for rural places and low income buyers.

Mr Doug McMillon, International Manager of Wal-Mart has declared that China is in the top priorities of the American retailer investment plan (US $ 4 billion per year , only for the international development).

Today, Wal-Mart presence in China counts 304 stores, including 104 hypermarkets on the Trust-Mart chain. The American want to develop now e commerce dealers.

According to the Financial Times, Wal-Mart has decided to take shares in 360buy.com, the e-commerce website specialised in electronic products. US $ 500 millions should be invested in this project.

Sales of Wal-Mart in China have increased by 15.2% / year (at the end of the 3rd quarter of 2010).

To be compared with +9.3% ofr the "out-of-USA area", and only +1,4% in USA.