Wal-Mart to Invest $25 Million in China Food Safety Research
- Investment over five years on projects in science, education
- China becoming bigger focus as U.S. retailer conducts overhaul
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Wal-Mart Stores Inc. and its foundation are investing $25 million over five years in food safety research in China, as the world’s largest retailer seeks to strengthen its foothold in the country more than two years after it was hit by high-profile product scandals.
The funding together with the Walmart Foundation will support projects in applied science, education and communications, according to the Bentonville, Arkansas-based retailer at a briefing held in Beijing, where it also launched the Walmart Food Safety Collaboration Center to bring together local and international research.