Walmart To Open 10 Chinese DCs Over Next 1-2 Decades

Walmart Inc. (NYSE: WMT) said it plans to invest $1.2 billion to build or renovate more than 10 distribution centers in China during the next 10 to 20 years.

The Bentonville, Arkansas-based company operates more than 20 DCs in China, which support 420 locations in 180 cities. The company opened its first Chinese DC in 1996 in Shenzhen. That same year, Walmart opened its first store in China, also in the same city.

The announcement, made Monday in China and Wednesday in the United States, comes on the heels of the March opening of its first perishable food distribution center in China, located in the southern tier of the country. The DC currently serves more than 100 Walmart stores, the company said.

In June 2016, Walmart and JD.com, a Chinese e-commerce firm, announced an alliance to combine e-commerce and brick-and-mortar resources in China.

Image sourced from Google

See more from Benzinga

• BMW Group And Daimler AG Partner To Put Autonomous Cars On The Road By 2024

• FreightWaves NOW: While Things Are Contracting Where Is The Opportunity?

• Global Airfreight Remained Weak In May, But Second-Half Bottoming May Be At Hand

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.