Fund is mother of invention for female ventures

Walmart China recently announced a donation of 10 million yuan ($1.63 million) to the China Women's Development Foundation to support its Revolving Fund for Mothers' New Ventures project over the next three years.

It is the fifth time Walmart China has donated to the project, which started in October 2010 to help women in impoverished areas. Including repaid funds, total investment from the retailer in the project had reached 7.6 million yuan before the latest donation.

In the next three years, the company will provide 3 million yuan, 3.3 million yuan and 3.7 million yuan, respectively, to continue its support to the project.