Walmart to invest $1.2bn in China to upgrade logistics

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Walmart seems optimistic that the US and China can overcome their trade differences, and has said it will invest $1.2bn in its logistics in China over the next decade. It will set up or renovate more than 10 logistics centres in the country, according to Reuters. 

Walmart is looking to integrate its retail network in China with the country’s “smart retail” movement, as giants such as Alibaba and Tencent cut deals to combine online and high street shopping. Last year the US firm opened its first hi-tech supermarket, where smartphones can be used to pay for items that are mostly available on Walmart’s online platform, JD Daojia, an affiliate of JD.com.