Hong Kong chosen as Wal-Mart Asia HQ

HONG KONG Wal-Mart has established its new Asia regional headquarters in Hong Kong, which will have strategic responsibilities for managing the company’s current operations in Asia and for business development, Wal-Mart Asia president and ceo Vicente Trius announced at a press conference this week.

“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.”

Hong Kong, according to Trius, was chosen for its central location and easy access to markets across the region.

And Wal-Mart is not only in looking to Hong Kong, about 3,900 overseas and Mainland companies operate regional headquarters or regional offices in Hong Kong.

Wal-Mart Asia’s vp of people, Brian Walker, commented, “With an abundant pool of talent and professionals in the city, Wal-Mart is able to recruit the right local staff for our regional headquarters. In addition, Hong Kong is equipped with excellent transportation, communications and technology infrastructure, which are essential tools for our regional management team.”