WAL-MART TO OPEN HANGZHOU FIRST SAM'S CLUB

AsiaInfo Services 02-26-2008 Wal-Mart to Open Hangzhou First Sam's Club HANGZHOU, Feb 26, 2008 (SinoCast via COMTEX) -- Wal-Mart Stores, Inc. (NYSE: WMT), the world's biggest retailer, is to open the first Sam's Club in the eastern Chinese city of Hangzhou, a tourism city near Shanghai, citing a report. The Hangzhou Municipal Bureau of Land Resource Administration put the 40-year utility right of a local land plot of about 8.6 hectares for auction at the end of 2007.

At the end of January 2008, the bureau said that the right was already sold. And another report said that Wal-Mart was ...

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