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October 24, 2013 AT 4:29 AM
Wal-Mart Stores, the world's biggest retailer, is expanding its China business as it seeks to raise profitability in a slowing retail sector. Wal-Mart will open up to 110 facilities in China between 2014 and 2016, in addition to the 30 it has already opened this year. Wal-Mart wants to profit from China's changing retail landscape by embracing e-commerce, which is expected to record 32 percent composite annual growth between 2012 and 2015