Wal-Mart To Buy Chinese Chain
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.

Bentonville is coming to Beijing: Wal-Mart Stores Inc. has announced its intentions to buy a chain of discount stores in China for about $1 billion, the Wall Street Journal reported.
The deal is expected to give the world’s largest retailer the biggest food and department store network in China.
The Chinese chain, Trust-Mart, consists of so-called hypermarkets, or enormous stores that sell a wide range of general merchandise and food — not unlike the Wal-Marts and Super Wal-Marts dotting the American landscape.Trust-Mart is a closely held Taiwanese company.
China’s fast-growing economy, industrious population, and developing bourgeoisie have foreign multinationals frothing at the mouth.Wal-Mart has expressed interest in China at the same time it has unceremoniously left both Germany and South Korea.
The transaction still requires the approval of Chinese regulators.Wal-Mart is poised to pass its Gallic archrival, Carrefour SA of France, in the number of hypermarkets in China.Wal-Mart beat out Carrefour for the Trust-Mart purchase, according to the Journal report. Wal-Mart can hardly continue to expand at a constant rate stateside. Coupled with rising employment costs and embarrassing trials, the Bentonville, Ark., company continues to look abroad.