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The behemoth retailer Wal-Mart Stores Inc. (WMT) will reportedly acquire another big fish in the Chinese retail market, making Wal-Mart, the world's largest retailer, also the biggest food and department store network in China.

Wal-Mart has declined to comment on the deal that would add 100 Chinese supercenters owned by Trust-Mart, a closely held Taiwanese company, to their ranks for $1 billion.

Carrefour lost out in bidding for the Trust-Mart stores and will be left in second place behind Wal-Mart in the race for the most supercenters in China. Wal-Mart's designs on the market in China has been no secret and projects that their dealings there might be as big as its U.S. business in 20 years.

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