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Business deals

Walmart to sell Japanese supermarket unit Seiyu

US giant reviews global strategy as it takes on Amazon

Seiyu became Walmart's wholly owned subsidiary in 2008. (Photo by Wakako Iguchi)

TOKYO -- Walmart plans to unload its unit Seiyu, a major Japanese supermarket chain, Nikkei has learned, as the U.S. retail giant reviews its global operations amid intensifying competition from online retailers, particularly Amazon.com.

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