Wal-Mart reportedly buying Chinese hypermarkets


17 October 2006 — Beijing (GHN): Wal-Mart Stores is reportedly planning to buy a chain of 100 Chinese hypermarkets for $1 billion in a deal that could make it the biggest food and department store network in China.
Wal-Mart is planning to buy the outlets from Taiwan-based Trust-Mart, according to the Asian Wall Street Journal. The company already has over 60 stores in the country.
The Arkansas-based giant has declined to comment on the reports.