Wal-Mart Sets Up Asia Regional Headquarters in Hong Kong
Director-General of Investment Promotion at InvestHK, Mike Rowse (left), joins Wal-Mart Asia's President and Chief Executive Officer, Vicente Trius, at the press conference announcing the establishment of Wal-Mart's Asia regional headquarters in Hong Kong
Wal-Mart Stores, Inc. announced the establishment of its new Asia regional headquarters in Hong Kong.
President and Chief Executive Officer for Wal-Mart Asia, Vicente Trius, said the Hong Kong regional headquarters will have strategic responsibilities for managing the company's current operations in Asia and for business development.
"Just as the Wal-Mart America's regional office in Miami oversees the company's operations in Canada, Central and South America," Mr. Trius said. "The new Wal-Mart office in Hong Kong will oversee the company's operations in Mainland China, India and Japan, as well as identify new business opportunities for the company throughout Asia."
Commenting on the reasons why Wal-Mart chose Hong Kong, Mr. Trius said Hong Kong was the perfect location from which to operate a regional headquarters for Asia, as it was centrally located and offers ready access to markets across the region.
Director-General of Investment Promotion at Invest Hong Kong, Mike Rowse, warmly welcomed Wal-Mart's decision to choose Hong Kong from among other cities in Asia, saying that the establishment of Wal-Mart's regional headquarters in Hong Kong represented a powerful vote of confidence in Hong Kong as the preferred location for leading global companies to manage their business in the Mainland of China.
Wal-Mart Asia's Vice President, People, Brian Walker, cited the advantages that Hong Kong offers his company, saying that with an abundant pool of talent and professionals in the city, Wal-Mart was able to recruit the right local staff for its regional headquarters. In addition, Hong Kong was equipped with excellent transportation, communications and technology infrastructure, which are essential tools for our regional management team.
Invest Hong Kong is a Hong Kong government department charged with encouraging and facilitating inward investment into the city by providing the support needed to establish a business presence.
Invest Hong Kong: http://www.investhk.gov.hk/
Wal-Mart: www.walmart.com
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