Wal-mart Acquires Trust-Mart

In a deal worth $ 1 Billion Wal-Mart is to acquire Trust-Mart in China, which has about 100 outlets, outbidding CarreFour. The chinese retail market is worth a huge $500 billion. This huge market has a great strategic importance for walmart as it can achive in China what it achieved in China in 1 year what it could achieve in US in 20 years. Wal-Marts international business grew by 32% last year.