The world's largest commodity retailer Wal-Mart has finally acquired Trust-Mart, one of the largest foreign-owned retailers in China, for US$1 billion. Trust-mart has been talking to buyers for a long time and has attracted a lot of international groups including Wal-Mart, Carrefour, and Tesco. Wal-Mart will first take 31 stores from Trust-mart in China and then take [...]

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