Wal Mart Reportedly Targets Asia Growth

http://www.thestreet.com/story/10712699/1/wal-mart-reportedly-targets-asia-growth.html?cm_ven=GOOGLEFI

Wal-Mart Reportedly Targets Asia Growth
BENTONVILLE, Ark. (TheStreet) -- Wal-Mart(WMT), the world's largest retailer, is eyeing a launch of its e-commerce operations in China and Japan, as it looks to drive sales by expanding its online presence into new global markets, the Financial Times reports.
A Wal-Mart job advertisement for a "product localization manager" for Japan and China lists responsibilities that cover preparing for the launch of an e-commerce business, the newspaper reports.
Eduardo Castro-Wright, Wal-Mart's vice chairman, said in January that the new business unit would weigh expansion "both in developed markets where we currently have stores and an online presence, and in markets where we don't."
Wal-Mart's latest move comes as other U.S. retailers are also using the Internet to expand their international reach. Gap(GPS) recently said it would also launch an online service in China later this year, the Financial Times notes.