As part of a $25m investment, Wal-Mart, Inc. has launched a food safety research center in Beijing, according to a Bloomberg report last month.
The center will house experts in local and international food safety research. The entire investment is part of a global business overhaul for Wal-Mart aimed at keeping pace with Chinese consumer demand and competing in the local online grocery market.
“By bringing together the best food safety thinkers from across the food ecosystem, from farmers to suppliers, retailers to policy regulators, we’ll accelerate food safety awareness and help make Chinese families safer and healthier,” said Wal-Mart Chief Executive Officer Doug McMillon at the Beijing launch event.
