Walmart Celebrates 20 Years in China, Focusing on Integrated Online and Offline Development
【Oct 27, 2016, Shenzhen】Today, Walmart is celebrating its 20th anniversary in China themed “Thank you for a great journey, together for a greater future”. Government, suppliers, partners, customers and associate representatives attended the celebration ceremony. Following the positive growth momentum, Walmart will continue to increase investment in China and develop both online and offline to provide customers with even better services. On the same day, the company officially announced the establishment of Walmart China Volunteer Association, striving to make more contributions for public welfare while continuously growing its business.
As said by Dirk Van den Berghe, President of Walmart Asia, President and CEO of Walmart China, “Thanks to the support from the society and hard work of our associates over the past 20 years, we’ve been committed to China and achieved remarkable growth. Today, we embark on a new journey with gratefulness. Walmart is very confident in the Chinese economy and market. We will continue to be committed to long-term investment and development in China and strive to be the most trusted retailer for our customers, and also will bring China's high-quality goods to Walmart global customers .”
Walmart entered China in 1996 and opened its first Walmart Hypermarket and Sam’s Club in Shenzhen. Starting from Shenzhen, the company has now grown to 426 stores, 8 dry distribution centers and 11 fresh distribution centers in 169 cities across the country with about 100,000 associates. Walmart firmly believes in local sourcing in China. Walmart China has established partnerships with over 7,000 suppliers here, and over 95% of the merchandise it sells are sourced locally. To this day, Walmart has served over 6 billion customers and members in China.
Grateful for the opportunities brought by Shenzhen, Walmart signed memorandums of understanding with Invest Shenzhen and Shenzhen Project Care Organizing Committee Office on the day of celebration, reaffirming its commitment to future investment and development of headquarters economy and further giving back to the community. As of this June, Walmart China has achieved FMCG market share growth in the hypermarket channel for 14 consecutive quarters. At the same time, Sam’s Club continues to lead the development of membership clubs in China. Not only it’s now serving more than 1.7 million members in the country, its Futian club has also been the number one Sam’s Club globally in terms of sales for 8 years consecutively. In the next 3 years, Sam’s plans to open 20 new clubs in the country.
Keeping up with the trend in China, Walmart has been developing in the e-commerce field in recent years while growing its bricks-and-mortar stores, and has built online shopping platforms for its Hypermarkets and Sam’s Clubs. Last week, Sam’s Club was launched on JD, Walmart opened its cross-border e-commerce flagship store on JD Worldwide, and over 20 Walmart Hypermarkets now offer services through JD Dao Jia, an O2O platform. Through this strong combination of online and offline retail, Walmart strives to better serve customers and explore more opportunities of development in China.
When developing and innovating its business, Walmart has also been increasing its investment in food safety over the past few years. From 2013 to 2015, Walmart invested around 300 million RMB to enhance food safety in China. Just last week, the Walmart Food Safety Collaboration Center was officially launched in Beijing. Walmart and Walmart Foundation will invest 25 million USD in the next five years to support research programs in the field of applied science, education, and communication to help improve food safety in China.