Wal-Mart and clothing giant Gap online store in China push

[reese9123]

According to foreign media reports, the "Financial Times" on Monday, the world's largest retailer Wal-Mart and U.S. clothing giant Gap to launch online stores in China, in China's fast-growing e-commerce market to nugget.

News that Wal-Mart will use its Internet platform promotion of its Sam's Club store.

Wal-Mart's global e-commerce department head Eduardo Castro - Wright (Eduardo Castro-Wright) at a meeting earlier this month, said the company on China's "Internet retail market potential is very exciting".

Gap to open next month in China online store. Gap cited market research firm iResearch data, said online sales in China last year increased 117 percent last year to $ 39 billion.

"Financial Times" reported that Wal-Mart is expected in the next five years, China will surpass Japan and Britain to become the world's second largest after the U.S. e-commerce market. By then, China online sales will reach $ 230 billion, lower than the U.S. $ 490 billion.

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[the416]

That's an interesting business decision. Excited to see whether it will work for them