By Dow Jones Business News, October 04, 2013, 08:42:00 PM EDT
By Laurie Burkitt
BEIJING--Wal-Mart Stores Inc. ( WMT ) is eyeing acquisitions in China, a top regional executive said, a key market where
rivals are building and where the U.S. retailer has struggled to copy the success it has in the U.S.
The retailer, which has 398 stores across 118 cities in China, is looking for deals to build market share in cities
where it isn't already the No. 1 or No. 2 player, said Scott Price, chief executive of Wal-Mart'sAsia division. Mr.
Price declined to disclose details on regions in which it was interested or potential companies it might acquire.
He said a deal could include another foreign player, though not necessarily a U.S. or European company.
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