chinese customers: Walmart WMT is planning to spend the money to boost grocery deliveries, according to CNN. Walmart continues to increase investment in supply-chain logistics in order to ... provide our Chinese customers with great fresh products, and improve our service, Ryan McDaniel, senior vice president of supply chain for Walmart China, said in the statement. The US retail giant plans to invest around 8 billion yuan 1.2 billion in distribution centers in China over the next two decades, it said in a statement sent to CNN Business. Walmart has already invested 700 million yuan 102 million in building a distribution center for perishables in the south of China as it tries to cater to customers who are increasingly shopping online. Walmart partnered with another big Chinese tech firm, JD JD in 2016, and has also invested more than 300 million in a Chinese delivery firm Dada-JD Daojia. Read More The Arkansas-based retailer, which has been in China since 1996, faces competition from local supermarkets and online rivals like Alibaba BABA which has grown its grocery business in recent years.
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