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Wal-Mart opening store in Hainan

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Published: April 17, 2006 at 7:46 AM
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HAIKOU, China, April 17 (UPI) -- Wal-Mart Stores Inc. aims to open its first shopping mall in south China's Hainan Province.

Wal-Mart's partners, Commercial Property Ltd. of Shenzhen International Trust and Investment Co., signed a deal Saturday with the Hainan Provincial Administration of State Farms and Land Reclamation to set up a Wal-Mart shopping mall in Haikou, capital of the island region.

It will be the 68th outlet in China for Wal-Mart, which began operating in the country 10 years ago.

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