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 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.

China Retail Market Sales Platform Walmart Meituan Walmart China Net Sales  sales  china  quarters  retail  walmart  meituan  platform  realtime  billion  partnership  strategic  platforms  market

History of this topic

Walmart China opens two next-generation stores
2 months, 3 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, 3 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 offloads $3.7b stake in JD
7 months ago

Walmart offloads $3.7b stake in JD

China Daily  

A moped rider passes by a Sam's Club outlet in Nanjing, Jiangsu province. YANG BO/CHINA NEWS SERVICE US retailer Walmart has sold its entire $3.7 billion stake in Chinese e-commerce platform JD and is shifting the focus to its operations in China, a move industry experts said will not have an influence on the strategic partnership of the two companies, …

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 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 …

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 …

Walmart partners with Microsoft for cloud solutions
6 years, 8 months ago

Walmart partners with Microsoft for cloud solutions

Live Mint  

Mumbai: Retail giant Walmart on Tuesday said it has entered into a five-year partnership with Microsoft to leverage its cloud solutions for making shopping faster for its customers globally. As part of the partnership, Walmart will tap into the full range of Microsoft’s cloud solutions, including Microsoft Azure and Microsoft 365, for enterprise-wide use to help standardise across the company’s …

Walmart wants to engage with its existing customers digitally: Fiona Tan
7 years ago

Walmart wants to engage with its existing customers digitally: Fiona Tan

Live Mint  

New Delhi: Walmart Labs is using the vast database of its offline customers to create its omni-channel identity, said Fiona Tan, senior vice-president of Walmart Labs while delivering a keynote address at EmTech India 2018 on Thursday. Tan, who joined Walmart in 2014, is responsible for customer technology at Walmart Labs across their e-commerce properties and physical stores. Walmart Labs, …

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 …

Breakthroughs confirm China's rise as a global high-tech player[4]- Chinadaily.com.cn
7 years, 5 months ago

Breakthroughs confirm China's rise as a global high-tech player[4]- Chinadaily.com.cn

China Daily  

The 20th Beidou navigation satellite was launched in September 2015 in Xichang, Sichuan province. In the past five years, China's online retail market has surged from 1.3 trillion yuan to 5.2 trillion yuan, raising living standards in both big cities and villages, according to a report released this month by Alibaba's research unit. Market researcher eMarketer estimates that by 2020, …

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 …

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 …

Wal-Mart increases its shareholding in JD.com
8 years, 5 months ago

Wal-Mart increases its shareholding in JD.com

China Daily  

A pedestrian walks past a JD Mall poster in Shanghai. Yan Daming / for China Daily Wal-Mart Stores Inc is pushing more aggressively onto Alibaba Group Holding Ltd's turf. The Bentonville, Arkansas-based retailer boosted its stake in China's second-largest e-commerce website JD.com Inc, strengthening an alliance to win more market share in the world's largest online market. Wal-Mart is tapping …

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 …

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 steps up online efforts in China as a key to future
8 years, 9 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 …

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 …

Wal-Mart, Carrefour adapt to Web revolution
9 years, 3 months ago

Wal-Mart, Carrefour adapt to Web revolution

China Daily  

A clerk helps a customer at the fish counter at the Sam's Club outlet on the far western edge of Beijing, China. Sam's Club, the premium and membership retail format of the world largest retailer Wal-Mart Stores Inc, joined forces in November with its sister company Yihaodian, one of China's leading e-commerce platforms for fast-moving consumer goods. Hypermarkets in China …

China's online retail sales to reach $1.6 trillion in five years: report
9 years, 4 months ago

China's online retail sales to reach $1.6 trillion in five years: report

China Daily  

Staff at Tmall, an e-retail platform under Alibaba Group, put in extra hours for the upcoming sales rush of Singles Day in Hangzhou, Nov 10. SHANGHAI - China's online retail sales are expected to rise to 10 trillion yuan in 2020 with the penetration rate doubling from the 2014 level to 22 percent, according to a report unveiled on Monday …

China's online retail sales to reach $1.6 trillion in five years: report
9 years, 4 months ago

China's online retail sales to reach $1.6 trillion in five years: report

China Daily  

Staff at Tmall, an e-retail platform under Alibaba Group, put in extra hours for the upcoming sales rush of Singles Day in Hangzhou, Nov 10. SHANGHAI - China's online retail sales are expected to rise to 10 trillion yuan in 2020 with the penetration rate doubling from the 2014 level to 22 percent, according to a report unveiled on Monday …

Online giants move into the offline world[1]- Chinadaily.com.cn
9 years, 8 months ago

Online giants move into the offline world[1]- Chinadaily.com.cn

China Daily  

A shop assistant at a supermarket in Hangzhou, capital of Zhejiang province, scans QR code on a buyer's mobile phone. Alibaba, Tencent team up with major traditional retailers to launch payment plans for customers China's leading Internet companies are scrambling to expand their offline operations by linking up with traditional brand name retailers. Alibaba Group Holding Ltd and major rival …

Wal-Mart makes online shopping steps for growth
9 years, 10 months ago

Wal-Mart makes online shopping steps for growth

China Daily  

An outlet of Wal-Mart in Yichang, Hubei province. Wal-Mart Stores Inc, the multinational retail conglomerate, launched an online-to-offline mobile platform in Shenzhen, Guangdong province, on Tuesday, looking for new business growth amid challenges brought about by the booming online shopping. The newly launched platforms include a mobile shopping application, named "Walmart to Go", online shopping sections in physical stores and …

Walmart plans more hypermarkets[1]- Chinadaily.com.cn
10 years, 9 months ago

Walmart plans more hypermarkets[1]- Chinadaily.com.cn

China Daily  

A Walmart supermarket in Yichang, Hubei province. Walmart China will continue to grow hypermarkets and high-end membership format Sam's Clubs in the next three years even as it further develops its home delivery and e-commerce business in the country, top company officials said on Wednesday. Greg Foran, head of Walmart Asia and former president and CEO of Walmart China, said …

Two online retail firms team up to grab bigger market share
11 years, 1 month ago

Two online retail firms team up to grab bigger market share

China Daily  

United States-listed Dangdang Inc, a major e-commerce player in China, and Yhd.com, a Chinese online supermarket that is majority-owned by Wal-Mart Stores Inc, are expected to team up to achieve a breakthrough in market share. Tencent Holdings Ltd, the largest Internet company in China by market value, is reportedly holding negotiations to combine its e-commerce operations with those of China's …

Discover Related