Wal-Mart Stores Inc. and its foundation are investing $25 million over five years in food safety research in China, as the world’s largest retailer seeks to strengthen its foothold in the country more than two years after it was hit by high-profile product scandals.
The funding together with the Walmart Foundation will support projects in applied science, education and communications, according to the Bentonville, Arkansas-based retailer at a briefing held in Beijing, where it also launched the Walmart Food Safety Collaboration Center to bring together local and international research.
“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,” Wal-Mart Chief Executive Officer Doug McMillon said at the event in Beijing on Wednesday.
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