Wal-Mart steps up online efforts in China as a key to future
8 years, 10 months ago

Wal-Mart steps up online efforts in China as a key to future

The Hindu  

Wal-Mart’s tiny warehouse in eastern Shanghai doesn’t look like much. It’s one of 250 hubs that Wal-Mart’s Yihaodian e-commerce venture owns and operates in 200 cities, mostly concentrated in eight key cities like Shanghai and Beijing. Wal-Mart has been stepping up its efforts to get a bigger share of China’s overall online business, which now has surpassed the U S and dominates globally. Hard to close the gap with Chinese giants But Wal-Mart’s overall online share is tiny in China, and some analysts say it’s going to be hard to close the gap with the big Chinese giants like Alibaba and JD.com. Online, Wal-Mart has just 1.6 per cent of China’s overall online market, ranking it as number 6, well behind number 1 powerhouse Alibaba 46.9 per cent and second-ranked JD.com’s 20.1 per cent, according to Euromonitor International, a global research firm.

China Online Chinese Yihaodian  walmart  online  chinese  steps  efforts  tiny  overall  key  yihaodian  cent  walmarts  alibaba  future  china

History of this topic

Walmart China opens two next-generation stores
2 months, 4 weeks ago

Walmart China opens two next-generation stores

China Daily  

Customers shop at a Walmart China new next-generation store in Kunming, Yunnan province, in December. CHINA DAILY Walmart China unveiled two new next-generation stores in Kunming, Yunnan province, in December, marking a major step in the retailer's transformation strategy. The new generation stores integrate customer-driven design principles across 16 themed sections, reflecting everyday consumption scenarios such as breakfast, hot pot, …

Walmart China opens two next-generation stores
2 months, 4 weeks ago

Walmart China opens two next-generation stores

China Daily  

Customers shop at a Walmart China new next-generation store in Kunming, Yunnan province, in December. CHINA DAILY Walmart China unveiled two new next-generation stores in Kunming, Yunnan province, in December, marking a major step in the retailer's transformation strategy. The new generation stores integrate customer-driven design principles across 16 themed sections, reflecting everyday consumption scenarios such as breakfast, hot pot, …

Walmart China, Meituan in strategic partnership
3 months, 1 week ago

Walmart China, Meituan in strategic partnership

China Daily  

People shop for groceries at a Walmart in Chongqing on Feb 8. Walmart China and Meituan, an online service platform, announced details of a strategic partnership on Tuesday, designed to enhance and expand real-time retail operations and capabilities. Zhu Jun, chief procurement officer at Walmart China, said the company has built an omni-channel retail matrix that combines online and offline …

Resilience and innovation key to e-commerce success
4 months, 1 week ago

Resilience and innovation key to e-commerce success

China Daily  

Chinese entrepreneurs are reshaping cross-border e-commerce through resilience and innovation amid geopolitical tensions, according to latest industry analysis. Max Liang, senior business development director at Zyla, a subsidiary of fintech major Ant Group, stressed the critical role of compliance with local laws in achieving long-term success in cross-border e-commerce. "Chinese brands are shifting from B2B and B2C models to M2C …

Walmart keeps growing with shoppers making more than $100,000 a year
4 months, 1 week ago

Walmart keeps growing with shoppers making more than $100,000 a year

CNN  

New York CNN — Walmart’s business is surging. Walmart’s US sales at stores open for at least a year grew 5.3% last quarter compared with the year prior, the company said Tuesday. Walmart said it gained market share last quarter, driven “primarily from upper-income households.” Low and middle-income shoppers have traditionally formed the core of Walmart’s customer base, and they …

Fast-food chains are the exception as U.S. companies pull back from China
1 year, 3 months ago

Fast-food chains are the exception as U.S. companies pull back from China

LA Times  

Shoppers walk by a Starbucks cafe at an outdoor shopping mall in Beijing on Saturday. “As you try to interpret the signals from McDonald’s and Starbucks” and other chains, says Phil Levy, chief economist at the supply chain management firm Flexport, “note what the industries are: These are not high-tech burgers.’’ And while some U.S. companies are increasing investments in …

Online shopping lets us live like kings
1 year, 3 months ago

Online shopping lets us live like kings

China Daily  

Every day most of us take for granted the fact that we can order and purchase all sorts of items online, thanks to e-commerce platforms such as Taobao, JD and Pinduoduo. For example, according to a report on Statista.com, during China's annual Single's Day shopping festival on Nov 11, 2022, around 527 million people shopped on Taobao, while around 576.2 …

Online shopping lets us live like kings
1 year, 3 months ago

Online shopping lets us live like kings

China Daily  

Every day most of us take for granted the fact that we can order and purchase all sorts of items online, thanks to e-commerce platforms such as Taobao, JD and Pinduoduo. For example, according to a report on Statista.com, during China's annual Single's Day shopping festival on Nov 11, 2022, around 527 million people shopped on Taobao, while around 576.2 …

Walmart sells majority stake in Japanese Seiyu supermarket
4 years, 4 months ago

Walmart sells majority stake in Japanese Seiyu supermarket

Associated Press  

TOKYO — U.S. retailer Walmart is selling off 85% of its wholly owned Japanese supermarket subsidiary Seiyu, while retaining a 15% stake, in a deal valued at 172.5 billion, the companies said Monday. KKR & Co., a global investment firm, will purchase a 65% stake, while Japanese online retailer Rakuten will acquire a 20% stake from Walmart, they said in …

Walmart China plans to open 500 new stores
5 years, 4 months ago

Walmart China plans to open 500 new stores

CNN  

Hong Kong CNN Business — Walmart is doubling down in China despite an economic slowdown. The Arkansas-based retailer announced Thursday that it plans to open 500 new stores in China over the next five to seven years. JD.com, China’s second largest e-commerce player after Alibaba, now hosts Walmart’s groceries and other various products on its own online shopping platform. The …

Walmart shuffles leadership team for store-digital integration
5 years, 8 months ago

Walmart shuffles leadership team for store-digital integration

Live Mint  

Chicago: Walmart Inc. is still trying to get its structure just how it wants it. That comes on the heels of an announcement last month that it planned to fully integrate all Jet.com employees into the larger company and shrink the unit’s management team nearly three years after buying the e-commerce site. As part of the shuffle, Ashley Buchanan, who …

Walmart to invest $1.2 billion in China to boost logistics
5 years, 8 months ago

Walmart to invest $1.2 billion in China to boost logistics

CNN  

Hong Kong CNN Business — Walmart is pouring more than a billion dollars into its Chinabusiness as it faces growing competition from local rivals and online retailers. The US retail giant plans to invest around 8 billion yuan in distribution centers in China over the next two decades, it said in a statement sent to CNN Business. “Walmart continues to …

Amazon to shut down its China online store by 18 July; to focus on cloud services
5 years, 11 months ago

Amazon to shut down its China online store by 18 July; to focus on cloud services

Firstpost  

Amazon will wind down support for domestic-selling merchants in China in the next 90 days Amazon.com Inc said it will shut its China online store by 18 July, as the US e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. Consumer research firm iResearch Global said Alibaba Group Holding’s …

Amazon has a big advertising business. Walmart wants one too
6 years, 1 month ago

Amazon has a big advertising business. Walmart wants one too

Live Mint  

Walmart Inc. is big in almost every way—4,755 stores, 1.5 million employees and $380 billion in revenue in the U.S. alone. Walmart, Target Corp. and grocery chains Kroger Co. and Ahold Delhaize are quietly courting big brands with a sales pitch that goes something “They have a nice story to tell advertisers,” says David Tiltman, head of content at WARC, …

Walmart upbeat after China success
6 years, 3 months ago

Walmart upbeat after China success

China Daily  

Consumers shop at a Walmart supermarket in Nanjing, Jiangsu province. Firm attributes strong sales show to market reforms, quality drive Robust third-quarter sales growth in China and some key markets is making US retail giant Walmart Inc upbeat about full-year earnings prospects. In addition, Walmart announced a $50 million strategic investment in New Dada, China's largest local on-demand logistics and …

Inside JD.com, the giant Chinese firm that could eat Amazon alive
6 years, 8 months ago

Inside JD.com, the giant Chinese firm that could eat Amazon alive

Wired  

An unmanned JD.com robot delivers packages to customers at Guizhou Jiaotong College in June 2018 in Guiyang, China Qu Honglun/China News Service/VCG via Getty Images Pujiang Pu is a smiley, medium-built man in his mid-forties with stylish glasses, a bling gold watch, and a red JD lanyard around his neck. Along with many of the 150,000 employees of JD.com – …

Walmart Should Have Just Let Amazon Win the Flipkart Battle
6 years, 10 months ago

Walmart Should Have Just Let Amazon Win the Flipkart Battle

The Quint  

That operating history includes two decades of stellar growth towards the end of the 20th century, when Walmart reshaped the retail business in the United States, and the years since, where growth has slowed down and margins have come under pressure. Growth has slowed to a trickle: Walmart’s growth engine started sputtering more than a decade ago, partly because its …

Walmart entry: Red carpet for Chinese imports
6 years, 10 months ago

Walmart entry: Red carpet for Chinese imports

Deccan Chronicle  

One of the biggest debates of the UPA-1 period centered around the entry of giant big box retailers like Walmart and Carrefour into India. In America, estimates say that Chinese suppliers make up 70-80 per cent of Walmart’s merchandise, leaving less than 20 per cent for US-made products. While Walmart has 352 stores in 130 Chinese cities with a total …

Walmart, hitherto slow to react overseas, attempts international turnaround with UK, India M&A
6 years, 11 months ago

Walmart, hitherto slow to react overseas, attempts international turnaround with UK, India M&A

Firstpost  

Sales from Walmart International, which runs about 6,300 stores, stood at $118.07 billion in the fiscal year ended 2018, down some 14 percent from 2014. Walmart Inc’s urgency to stem market share losses to rivals around the world is driving it to partner with local players in the UK and India, even as it scales back in some other markets …

Walmart to Launch New Online Home Shopping Experience
7 years, 1 month ago

Walmart to Launch New Online Home Shopping Experience

News 18  

Walmart is launching a new online home shopping experience in the coming weeks that will let shoppers discover items based on their style. Walmart’s home shopping site will include curated collections and nine shop-by-style options including modern, traditional and bohemian. But Walmart faces stiff competition in the home arena not only from Amazon but home shopping sites like Wayfair. Walmart’s …

Walmart To Launch Online Grocery Delivery In Japan, E-Book Sales In U.S.
7 years, 2 months ago

Walmart To Launch Online Grocery Delivery In Japan, E-Book Sales In U.S.

NPR  

Walmart To Launch Online Grocery Delivery In Japan, E-Book Sales In U.S. Enlarge this image toggle caption Yuya Shino/Reuters Yuya Shino/Reuters Walmart has a laser-like focus when it comes to finding ways to compete with rival Amazon.com, and the world's largest bricks-and-mortar retailer has announced its latest attempt. Walmart Stores, Inc. is joining with Japan's largest e-commerce retailer Rakuten to …

Alibaba continues to extend its online shopping influence into physical stores in China
7 years, 3 months ago

Alibaba continues to extend its online shopping influence into physical stores in China

Firstpost  

Alibaba’s strategy echoes Amazon Inc’s $13.7 billion deal this year for organic offline grocer Whole Foods Market Inc — but with a twist. “We’re working to make the net in the sky and the net on the ground,” CEO Daniel Zhang said last month after Alibaba took a $2.9 billion stake in top grocery chain Sun Art Retail Group Ltd. …

Chinese firms harness technology for empowerment
7 years, 3 months ago

Chinese firms harness technology for empowerment

China Daily  

You have probably heard of KFC. Case in point: Chinese e-commerce players not only generate big numbers in sheer transaction volume online but reshape the manufacturing process based on personalized needs and move to revamp physical retailing. Digital economy - one that features the use of the internet, cloud computing, big data, artificial intelligence in a variety of sectors - …

Amazon or Walmart? Some retailers are choosing alliances
7 years, 4 months ago

Amazon or Walmart? Some retailers are choosing alliances

Associated Press  

NEW YORK — Store chains feeling the upheaval in retail are making strategic alliances — and that can mean picking sides. Kohl’s shoppers can find Amazon devices at some stores, and return items they bought from the online retailer. You look at retailers who are closing or struggling.” So as Amazon moves even further into fashion, home electronics and grocery …

Amazon or Walmart? Some retailers are choosing alliances
7 years, 4 months ago

Amazon or Walmart? Some retailers are choosing alliances

Associated Press  

NEW YORK — Store chains feeling the upheaval in retail are making strategic alliances — and that can mean picking sides. Kohl’s shoppers can find Amazon devices at some stores, and return items they bought from the online retailer. You look at retailers who are closing or struggling.” So as Amazon moves even further into fashion, home electronics and grocery …

Wal-Mart, trying to hone its same-day delivery skills, buys New York’s Parcel
7 years, 5 months ago

Wal-Mart, trying to hone its same-day delivery skills, buys New York’s Parcel

LA Times  

People walk in and out of a Walmart store, in Dallas on Aug. 26, 2016. Wal-Mart is sharpening its same-day delivery skills through the acquisition of a small New York City company. Wal-Mart said Tuesday that Parcel, with a warehouse in Brooklyn, has learned to deftly navigate densely populated areas and get groceries to customers fast. Wal-Mart’s focus on fast, …

Wal-Mart looks overseas for online vendors
7 years, 8 months ago

Wal-Mart looks overseas for online vendors

Live Mint  

Chicago: Walmart.com, trailing Amazon.com Inc in the number of goods for sale on its website, is recruiting vendors in China and other countries to boost its online offerings in a pivot away from Wal-Mart’s Made-in-America campaign. It also risks alienating some of Wal-Mart’s existing US vendors since it runs counter to the American-made pledge the retailer made in 2013 in …

Amazon plays catch up with Chinese e-commerce giants even after push to acquire Whole Foods
7 years, 9 months ago

Amazon plays catch up with Chinese e-commerce giants even after push to acquire Whole Foods

Firstpost  

As Amazon.com Inc looks to swallow US grocery chain Whole Foods, China’s tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. With their ready-made payment and social media platforms to lure shoppers, Alibaba and JD.com have helped China become the world’s largest online grocery …

Walmart likely to double its growth compared to Amazon with back to school sales: Report
7 years, 9 months ago

Walmart likely to double its growth compared to Amazon with back to school sales: Report

Firstpost  

Walmart’s aggressive efforts to take on Amazon seem to be gaining momentum even as other retailers and department store chains struggle. Walmart Stores Inc’s online sales is likely to grow double than Amazon.com Inc during the back to school season, helped by the Jet.com acquisition and competitive price offerings, industry research body NPD said. An aggressive pricing and marketing strategy, …

Wal-Mart’s online sales soar as it pursues Amazon
7 years, 10 months ago

Wal-Mart’s online sales soar as it pursues Amazon

Live Mint  

New York: Wal-Mart Stores Inc. gained momentum in its crusade against Amazon.com Inc., with its online sales growing at the fastest clip in at least five years. The results signal that Wal-Mart is getting a payoff from an ambitious online expansion, which included last year’s $3.3 billion acquisition of Jet.com Inc. The deals have helped burnish Wal-Mart’s online image, though …

Foreigners in China feel dynamics of Internet economy
7 years, 11 months ago

Foreigners in China feel dynamics of Internet economy

China Daily  

Foreigners in China feel dynamics of Internet economy Xinhua | Updated: 2017-04-30 13:10 BEIJING -- Before heading to his favorite restaurants or smaller eateries, Roberto, an Argentine in Hangzhou, capital of eastern China's Zhejiang province, usually goes online first. What's more, "Alipay and WeChat offer services for purchasing cinema tickets and many applications for buying all kinds of events online, …

Wal-Mart aims big in Guangdong
7 years, 11 months ago

Wal-Mart aims big in Guangdong

China Daily  

A customer buys fresh pork imported from the United States at a supermarket in Zhengzhou, Henan province. Wal-Mart Stores Inc will continue to increase its investment in Guangdong province, as it plans to add more than 40 new stores and one fresh food distribution center in the province in the next five years. Wal-Mart's expansion plan in the province was …

Wal-Mart aims big in Guangdong
7 years, 11 months ago

Wal-Mart aims big in Guangdong

China Daily  

US retail giant to open 40 new stores after signing contract with province Wal-Mart Stores Inc will continue to increase its investment in Guangdong province, as it plans to add more than 40 new stores and one fresh food distribution center in the province in the next five years. Wal-Mart's expansion plan in the province was one of the 14 …

Web gives economy a new boost
7 years, 11 months ago

Web gives economy a new boost

China Daily  

Internet-enabled technologies and business models have given China's economy a new burst of momentum and changed the nature of growth, experts said. New internet applications could surge from a single digit to up to 22 percent of China's GDP growth through to 2025, according to consultancy McKinsey & Co. That reflects the power of a consumer-oriented "new economy" that relies …

Walmart is winning the food fight with Amazon, for now
8 years, 1 month ago

Walmart is winning the food fight with Amazon, for now

Live Mint  

New York: For Walmart Stores Inc., the best way to investors’ hearts could be through their stomachs. With its gargantuan aisles filled with everything from video games to paint brushes, it’s sometimes easy to forget Walmart is America’s largest grocery store. Walmart’s blockbuster online sales growth in the US in the latest quarter was driven partly by groceries purchased online …

Wal-Mart’s China revival strategy calls in JD.com and its drones
8 years, 5 months ago

Wal-Mart’s China revival strategy calls in JD.com and its drones

Live Mint  

Shanghai: Wal-Mart Stores Inc. has hit the reset button on its China strategy in dramatic fashion. Shoppers in select remote villages could even see their Wal-Mart products being delivered by drones as part of a pilot project by its Chinese partner, JD.com Inc. After unsuccessful efforts to scale up its own e-commerce network, Wal-Mart launched this week several new initiatives …

Walmart’s next move against Amazon: More warehouses, faster shipping
8 years, 5 months ago

Walmart’s next move against Amazon: More warehouses, faster shipping

Live Mint  

Chicago: Walmart Stores Inc. is accelerating its investment in e-commerce in a bid to narrow the gap with Amazon.com Inc. and to give it an even more dominant position against the rest of the field in retail. “Having said that, choosing to race with Amazon is different than catching up with them.” Walmart in the last four fiscal years has …

Alibaba shows how tech can boost inclusivity
8 years, 6 months ago

Alibaba shows how tech can boost inclusivity

China Daily  

Canadian Prime Minister Justin Trudeau and Alibaba's chairman Jack Ma show lobsters from Canada at the headquarters of Alibaba Group in Hangzhou, capital of East China's Zhejiang province, September 3, 2016. The world's spotlight falls on Hangzhou's most famous historical landmark, the West Lake, as well as its most famous local company, Alibaba, the world's largest e-commerce company. He has …

Wal-Mart to buy Jet.com for $3 billion to lift online sales, battle Amazon
8 years, 7 months ago

Wal-Mart to buy Jet.com for $3 billion to lift online sales, battle Amazon

Firstpost  

In June, Wal-Mart said it sold its Chinese online grocery store in return for a stake in JD.com Inc, China’s 2 e-commerce firm. Wal-Mart Stores Inc, vying to better challenge Amazon.com Inc, will pay about $3 billion for internet retailer Jet.com and its innovative pricing software in the largest-ever deal for an e-commerce startup. The deal disclosed on Monday follows …

Why Wal-Mart would want to buy e-commerce start-up Jet.com
8 years, 7 months ago

Why Wal-Mart would want to buy e-commerce start-up Jet.com

LA Times  

Wal-Mart is reportedly in talks to acquire the discount e-commerce start-up Jet.com in an effort to ramp up its struggling online retailing business and compete with Amazon.com. “Wal-Mart’s e-commerce growth has been slow — they have had a year-over-year decline when the overall market is still growing,” said Michelle Malison, a retail analyst with Euromonitor International. “What Wal-Mart has been …

Brexit to bring cheaper British goods into China, JD director
8 years, 8 months ago

Brexit to bring cheaper British goods into China, JD director

China Daily  

PARIS - Chinese e-commerce giant JD.com said on Friday British goods will come into Chinese market at cheaper prices after the country voted to leave the European Union. "British products will be more competitive," Tony Qiu, director of JD Worldwide, made the remarks in Paris at a news conference after discussing with French companies about coming out on top in …

Wal-Mart resets strategy with new partnership with JD.com
8 years, 9 months ago

Wal-Mart resets strategy with new partnership with JD.com

China Daily  

A man fixes a display in the aisle at a Wal-Mart store in Miami, Florida. [Photo provided to China Daily The new alliance between Wal-Mart Stores Inc and JD.com Inc is expected to give Wal-Mart wider customer access and offer a fresh start to its struggling retail business in China. Wal-Mart said the alliance expands its opportunity in e-commerce and …

Wal-Mart to sell its China e-commerce operation to JD.com
8 years, 9 months ago

Wal-Mart to sell its China e-commerce operation to JD.com

China Daily  

A woman examines goods on sale at an outlet of Wal-Mart Inc in Yichang, Hubei province. Wal-Mart Stores Inc is selling its e-commerce operation in China to JD.com Inc in exchange for the Chinese e-commerce major's five percent stake. Under the agreement, JD.com, which is the biggest rival of Alibaba Group, will take ownership of Wal-Mart's Yihaodian online marketplace and …

Wal-Mart to open 60 new stores by 2017
8 years, 11 months ago

Wal-Mart to open 60 new stores by 2017

China Daily  

A cashier at a Wal-Mart outlet in Shanghai. Part of retailer's effort to integrate businesses in a tough market Wal-Mart China is opening 60 new stores in the country by 2017 as part of its efforts to integrate its hypermarkets, membership stores and online platform to offer customers more convenience and quality products in a highly-competitive retail market, the company's …

Alibaba becomes the world's largest retailer
8 years, 11 months ago

Alibaba becomes the world's largest retailer

China Daily  

A cyclist rides past a signboard of Alibaba Group in Hangzhou city, East China's Zhejiang province, June 25, 2014. Chinese e-commerce giant Alibaba Group Holding Ltd said on Wednesday that it has officially become the world's largest retail platform, with its total trading volume online in the fiscal year ending in March 2016 surpassing Wal-Mart's annual sales. The Hangzhou-headquartered e-commerce …

100% FDI in ecommerce an encouraging move; time to bring in level playing field for offline models too
9 years ago

100% FDI in ecommerce an encouraging move; time to bring in level playing field for offline models too

Firstpost  

The government needs to hike this to 100% so as to truly bring about a level playing field between offline and online models The DIPP has at last demystified its FDI policy on ecommerce that is such a rage operationally though serious rethink is taking place behind the close doors of corporate boardrooms of these companies in the face of …

Alibaba’s business hits $463 bn mark, slated to pip Walmart as world's top retailer
9 years ago

Alibaba’s business hits $463 bn mark, slated to pip Walmart as world's top retailer

India TV News  

Beijing: Marking a significant development in the e-commerce market, Chinese giant Alibaba has on Monday said it has crossed a major milestone, hitting the 3 trillion RMB in trade volume transacted over its China retail marketplaces in under a year. “Today, with 10 days remaining in our fiscal year ending March 2016, Alibaba’s China retail marketplace platforms surpassed RMB 3 …

Alibaba on way to being top retailer
9 years ago

Alibaba on way to being top retailer

China Daily  

Chinese e-commerce giant Alibaba Group Holding Ltd is expected to soon surpass Wal-Mart as the world’s largest retail platform, with total trading volume in the current fiscal year exceeding 3 trillion yuan, the company said on Monday. The latest trading volume figure for Alibaba is equivalent to Sichuan province’s gross domestic product last year, when the province’s GDP ranked sixth …

Slower online sales leave Wal-Mart far behind Amazon
9 years, 1 month ago

Slower online sales leave Wal-Mart far behind Amazon

China Daily  

Customers shop for the Lunar New Year at a Wal-Mart store in Kunming, Yunnan province. The numbers suggest Wal-Mart is slipping further behind online leader Amazon.com Inc, whose North America sales grew 24 percent and international sales grew 22 percent in the fourth quarter on constant currency terms. "It's definitely a challenging trend," said Keith Anderson, vice-president at e-commerce analytics …

Discover Related