Latest news with #WalmartChina
The Star
21-05-2025
- Business
- The Star
China Focus: Walmart further expands in China with new Tianjin mega store
TIANJIN, May 21 (Xinhua) -- Walmart has launched construction of its largest Sam's Club by operational area in northern China, with Tuesday's groundbreaking ceremony in the Tianjin Municipality marking the U.S. retail giant's latest bet on the country's vast consumer market. Scheduled to open in 2026, the 25,000-square-meter facility will adopt an omnichannel model integrating one physical store with 20 digital fulfillment centers to serve premium and diversified consumption needs across the Beijing-Tianjin-Hebei region. This third Sam's Club location in the northern metropolis positions Tianjin as a strategic anchor for Walmart's regional expansion. Since opening its first Chinese store in Shenzhen in south China's Guangdong Province in 1996, the Walmart-owned warehouse membership chain has grown to 55 operational outlets nationwide. Sam's Club achieved a milestone in 2024 with its annual China revenue exceeding 100 billion yuan (about 13.9 billion U.S. dollars), while Walmart China reported 6.7 billion U.S. dollars in net sales in the first quarter of 2025, a 22.5-percent year-on-year surge. "We take immense pride in Sam's growth in China," said Christina Zhu, president and CEO of Walmart China at last month's Walmart Investment Community Meeting. She revealed that eight Sam's Clubs in China are projected to surpass 500 million U.S. dollars in annual sales this year. The retailer has accelerated its China investments since announcing plans in December 2023 to open six to seven new Sam's Clubs annually. Over a dozen projects are currently underway across Beijing, Guangdong, east China's Zhejiang and other regions. Sam's success aligns with China's expanding import sector, which hit a record over 18 trillion yuan in 2024. The nation has maintained its position as the world's second-largest consumer market and top online retail market, with total retail sales of consumer goods growing 4.6 percent year-on-year to 12.47 trillion yuan in the January-March period of 2025. China's mega-market advantage lies in its economic scale, market capacity, industrial system and human capital -- a multidimensional strength enhancing economic resilience, according to Yu Yongding, an economist at the Chinese Academy of Social Sciences. Despite global protectionist headwinds, China attracted 12,603 new foreign-invested enterprises during the first quarter of this year, with actualized foreign direct investment up 13.2 percent year on year in March. "Multinationals like Walmart are voting with their capital, showcasing confidence in China's economic vitality and market appeal," Yu noted.
Arabian Post
25-04-2025
- Business
- Arabian Post
Walmart Launches Initiative to Boost Domestic Sales for Chinese Exporters
Walmart China has introduced a programme aimed at assisting Chinese exporters in enhancing their domestic sales, aligning with Beijing's efforts to mitigate the impact of escalating US tariffs. The initiative seeks to integrate these exporters into Walmart's supply chain, simplifying the approval process and facilitating easier access to the domestic market. This move comes as Chinese exporters face challenges due to a 145% tariff hike from the US, prompting the Chinese government to encourage local businesses to pivot towards domestic sales. Despite government encouragement, many Chinese exporters remain hesitant to redirect their goods to the domestic market. Factory owners cite lower profits, weak demand, aggressive price competition, delayed payments, and high return rates as significant deterrents. Efforts by China's commerce ministry, including organizing local matchmaking events and issuing support through firms like and Meituan, have been met with skepticism by small and medium-sized enterprises. These businesses argue that the proposed support falls short of addressing structural challenges, emphasizing the need for fiscal stimulus, rising consumer incomes, and stronger social safety nets to boost domestic consumption. Walmart's initiative also includes expanding its e-commerce platform, Walmart Marketplace, within China. The company has established offices in 11 cities nationwide, including Shenzhen, Shanghai, and Hangzhou, offering support in product selection, operational guidance, and both online and offline training to help international sellers grow their businesses on the platform. Additionally, Walmart unveiled its 2025 new seller incentive programme, offering up to $75,000 in incentives, with benefits such as preferential logistics services. However, Walmart's efforts to mitigate the impact of US tariffs have not been without controversy. The company has faced pushback from Chinese suppliers after requesting significant price reductions to offset the cost of tariffs. Some suppliers, including producers of kitchenware and clothing, have been asked to lower their prices by as much as 10% per round of tariffs, essentially shouldering the full cost of the duties. This approach has led to tensions with Chinese authorities, who have summoned Walmart executives for discussions. State broadcaster CCTV's official social media account criticized Walmart's demands, stating that they 'may violate commercial contracts' and warning that 'the consequences for the company will go beyond just a discussion' if it continues to press for discounts. See also Vietnam's Economy Faces Challenges Amid US Tariff Implementation
