Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Beijing Wal-Mart

by Tony Sagami on August 14, 2008

in Asian Market, Stock Market in China

Wal-Mart is slowly growing its presence in China but isjust a speck in its overall revenues.

Conveniently for me, there was a Wal-Mart just a few blocks from my hotel so I stopped in to check it out. What did Isee?

The products are very, very localized to Beijing tastes. Live turtles, live fish, live snakes, insects…you nameit….was there.

The store was packed with customers. My impression is that Chinese Wal-Marts are every bit as busy as U.S.Wal-Marts.

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