Wal-Mart’s challenge in China – Parija Bhatnagar

From CNNMoney.com:

Wal-Mart may rule the retail roost at home, but establishing that same kind of dominance in China won’t be easy.

Several European supermarket operators as well as a handful of Chinese supermarket chains are all expanding there at a fast clip, jostling for early dominance in this fast-growing market.

Some industry watchers say Wal-Mart (Research) could find itself overshadowed in China as companies like Tesco, Carrefour and Metro push even harder to increase their market share.