The world's retail giant Wal-Mart has announced that it will invest CNY500 million to build new stores in Guizhou's Anshun, Kaili, and Duyun in the next five years.

China's B2B e-commerce group Alibaba and Shanghai Rural Commercial Bank have reached a comprehensive strategic cooperation agreement to jointly provide services to small- and medium-sized enterprises as well as farmers in rural areas in China.

In cooperation with Dalian Hongjia, an animal husbandry company that focuses on the production of eggs, Walmart has recently set up its 29th direct procurement base for agricultural products in China.

U.K.-based Standard Chartered Bank has opened its first village bank, Inner Mongolia Helingeer Standard Chartered Village Bank, making it the first foreign bank to enter China's Inner Mongolia Autonomous Region.

According to reports in local media, Kohlberg Kravis Roberts & Co., a private equity firm, has announced plans to invest about USD300 million in China's milk industry.

Wal-Mart has set up its first vegetable direct procurement depot in the Guiyang Qingzhen Green Vegetable depot, Guizhou Province.