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| Wal-Mart is the largest retailing company in the world by revenue. Globally, it competes directly with both the two other largest global retailers, Carrefour and Tesco, in relatively few markets, which is why the China market is a special case.
Wal-Mart entered the Chinese market later than Carrefour, which gained a significant lead against Wal-Mart by circumventing certain rules of entry at the time. Wal-Mart has been very keen to draw back the first-mover advantage, and has now overtaken Carrefour in terms of store numbers, although not revenues, largely thanks to buying local chains, especially Trust-Mart. However, Wal-Mart continues to expand its store chain rapidly, and its revenues will likely surpass Carrefour during 2010. |
Additional Information
Access Asia’s Company Profile series of reports are meant to provide independent analysis on Chinese companies either in the news, or on the M&A radar. All company profiles contain contact details, company background and history, key activities in China, a SWOT analysis and key financial figures. We also include any key company events that have made the news, new product releases and branding activity.
