Walmart China, Meituan in strategic partnership
China DailyPeople 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 services, catering to diverse shopping scenarios and delivery needs. Fast-moving consumer goods sales grew 0.8 percent in the first three quarters, with volume up 4.6 percent and average prices down 3.6 percent, said Kantar Worldpanel's China Shopper Report 2024. Offline trade, which rose by 1.8 percent in sales in the first three quarters, expanded market share among supermarkets, small supermarkets and grocery stores, said Kantar Worldpanel.
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