Walmart China Factsheet
About Walmart Stores, Inc.
Walmart Stores, Inc. was founded by American retail legend Mr. Sam Walton in Arkansas in 1962. Over nearly 50 years of development, the company has served customers and is now the world’s largest private employer and retailer, on the top of the Fortune 500 list.? Walmart is among the most recognized global brands.? .
Walmart helps people around the world save money and live better -- anytime and anywhere -- in retail stores, online, and through their mobile devices. Each week, more than 200 million customers and members visit our more than 10,700 stores under 69 banners in 27 countries and e-commerce websites in 10 countries. With fiscal year 2013 sales of approximately $466 billion, Walmart employs more than 2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity.
In China, as elsewhere, we follow the three core values of respect for the individual, service to the customer, and striving for excellence, and stick to the Walmart tradition of building our business one store and one customer at a time, so as to fulfill our core mission — save people money, so they can live better, and continue to make a difference in the lives of our customers, members and associates.
About Walmart China
Walmart entered the Chinese market and opened its first Supercenter and Sam’s Club in Shenzhen in 1996. Currently, Walmart operates a number of formats and banners in China including Supercenters, Sam’s Clubs, and Neighborhood Markets. As of February 28, 2013, Walmart operated more than 390 units in over 150 cities in 21 provinces, autonomous regions and 4 municipalities, and had created approximately 100,000 job opportunities across China.
Walmart China firmly believes in local sourcing. We have established partnerships with nearly 20,000 suppliers in China. Over 95% of the merchandise in our stores in China is sourced locally. In addition, Walmart is committed to local talent development and diversity, especially the cultivation and full utilization of female staff and executives. 99.9% of Walmart China associates are Chinese nationals. All our stores in China are managed by local Chinese. Furthermore, over 60 percent of Walmart China associates are female and about 40% of those are at management level. In 2009, the company established the “Walmart China Women’s Leadership Development Commission” for driving women’s career development.
About Walmart China’s Business Formats
- Walmart Supercenter
Walmart Supercenter is the main format of Walmart China, which provides one-stop shopping experience and variety low price products for our customers. Meanwhile, Walmart Supercenter attracts traffic for the neighbor small retailers and restaurants.
- Sam’s Club
Sam’s Club is a kind of membership warehouse store which combines warehouse and store together. With several thousands of high quality, popular, famous imported and domestic products, Sam’s Club succeeds in saving time and energy for members. Members of Sam’s Club can shop in a comfortable environment and enjoy hospitable service of Sam’s Club.
- Neighborhood Markets
Neighborhood Markets provides convenient shopping experience for customers. So far, there are 2 neighborhood markets in China located in Shenzhen.
- Discount Compact Hypermarket
DCH format bases in born cities and second-tier and third-tier cities. The business area of DCH is 3000 to 5000 square meters. DCH is more agility and more welcomed by community, and provides a more convenient shopping experience for customers. DCH is equipped basic facility, which aims to meet demand of low income families with lowest operating cost.
About Walmart China’s Corporate Social Responsibility Programs
Walmart China is committed to being a good corporate citizen and has organized CSR efforts in the following categories: Women Economic Empowerment; Giving back to communities; Nutrition, Health & Wellness; Sustainability & Environmental Protection; Education Initiative; and Disaster Relief. We have donated funds and in-kind support worth over RMB70 million to local charities and welfare organizations since entering the China market. Moreover, Walmart China associates have dedicated more than 200, 000 hours to these activities.
Some of our key CSR events are as below:
- During the Spring Festival of 2013, Walmart China launches “Searching 365 Touching Stories, Delivering? Positive Energy in 2013” again on its corporate microblog (http://weibo.com/wmcsr), appeals to netizens to find and create more touching moments, discover more kind people in communities, and send help to needy people and deliver positive energy both online and offline . Nearly 300 activities were held nationwide, more than 1500 associates joined it and sent out over 3000 gift packages. Nearly 3,000 netizens took part in the campaign and voted for the “Top Ten Stories with Positive Energy in 2013.”
- At of the end of 2012, Walmart donated RMB200,000 to China Foundation for Poverty Alleviation in support of the construction of multi-media classrooms in primary schools in the earthquake-stricken region of Yiliang County, Yunnan Province.
- From July 28 to August 12 in 2012, Walmart joins hands with L’Oreal Paris again to support the “Love Charity Project of Wenchuan, Sichuan”. During this period, for every L’Oreal Paris skin care product, cosmetic product, hair product and hair dye product sold at Walmart, Walmart china and L’Oreal Paris will donate RMB0.1 to Wenchuan respectively to purchase sports equipments for the re-constructed primary schools. In the end, both Walmart and L’Oreal Paris donated RMB35,979. The fund will be presented to schools at Wenchuan through the China Foundation for Poverty Alleviation.
- On October 24, 2012, Walmart China and China Youth Development Fundation held a donation and launch ceremony for the “Walmart China’s Retail Talent Development Fund”, marking the program’s official launch. Walmart will donate RMB 3 million to the China Youth Development Fundation to be used in establishing the “Walmart China’s Retail Talent Development Fund”. This public welfare training fund will be used at BN Vocational Schools across the country to train retail talents, promote the Chinese edition of the retail training course material jointly developed by Walmart and International Youth Foundation’s (IYF) , and award excellent students at BN Vocational School with the “Walmart Retail Talent Scholarship.”
- On October 12, 2012, Walmart China and the China Women’s Development Foundation (CWDF) today signed a donation agreement at Dali Bai Autonomous Prefecture, Yunnan Province. According to the agreement, Walmart China will donate another 2 million yuan for the Revolving Fund for Mother’s New Ventures, a program initiated by CWDF to help poor Chinese women start businesses and become reemployed.?
- In March 2012, Walmart China made a second donation in the amount of RMB 1 Million (app. US$ 15.87) to China Women’s Development Foundation (CWDF) to continue funding this project of “Revolving Fund on Poverty Alleviation for Mothers” led by CWDF.
- On December 30, 2011, Walmart China, in collaboration with Weibo.com of Sina, launched a charity event on Weibo.com themed “@Sunny Communities” ( Weibo address: http://weibo.com/wmcsr), in search of 365 touching and respectful figures in our neighborhood and to present them with new year’s gift packages. As of the end of February, 2012 it has received great attention. During this period, Walmart has launched nearly 300 micro charity activities in stores in over 140 cities nationwide and has sent over 3000 “warm” gift packages to good people and needy families living in neighborhood. In the future, “@Sending Warmth into Communities” will be upgraded into a micro charity platform of Walmart China, with which the company will get closer connection with grassroots and send warmth all around our communities.
- On July 5, 2011, One year after the earthquake hit Yushu in Qinghai Province, more than RMB760,000 donated by Walmart was used to build "Walmart Love Libraries" in nine schools in the hardest hit areas of Yushu, and equip the libraries with a total of 317 intensive book shelves, which can store 374,600 books, and 208 sets of reading tables and chairs.
- Since entering the spring, vegetable farmers in many area of China, including Henan, Shanxi, Guangdong, Zhejiang, and Liaoning, suffered from unmarketable vegetable. In answering the call of the Ministry of Commerce and local governments, Walmart signed a proposal in Beijing on helping farmers sell unmarketable vegetables through “Direct Farm” activity. The company has been purchasing vegetables and fruits from the suffered farmers and selling them at fair price in its store outlets across China, which help tide the farmers over a period of difficulty while ensuring that customers get safe and affordable produce. As of May 8, Walmart stores had already purchased unmarketable vegetables in the total amount of 480 Tons in over ten provinces and municipalities including Beijing, Hangzhou, Guangzhou and Xiamen, to echo local authorities’ call on purchasing unmarketable vegetables. Walmart also sold these vegetables at reasonable prices in all its stores across China.
- On April 1, 2011, Walmart China launched its nationwide sustainability campaign themed “2011 Walmart Earth Month”, in six Chinese cities, including Beijing, Shenzhen, Shanghai, Xi’an, Wuhan and Xiamen. With the theme “Go green with no plastic bags，the campaign was held in more than 210 Walmart supercenters across China, calling on people from different walks of life to reduce the use of plastic bags, and encourages the use of reusable bags in some pilot cities. We also turned off one third of the lighting in the stores during off-peak hours in continuous response to WWF’s Earth Hour program. The campaign helps our stores and neighboring communities save 500,000 kilowatt-hours of electricity. Around 8.2 million customers in over 110 cities, 100 thousand Walmart associates and their families were actively involved in this campaign.
- October 21, 2010, Walmart and the China Women’s Development Foundation signed an MOU that included a Walmart 1 million RMB as seed funding for the “Walmart Women’s Development Fund.” The fund will finance the “Revolving Fund on Poverty Alleviation Program for Mothers” led by the China Women’s Development Foundation. This project is now in full swing and has benefited about 1,300 villagers including 310 women, each of whom received RMB 3,065 as initial funding to start a variety of plantation and cultivation projects.
- On August 12, on behalf of all Walmart China employees, Walmart China and the trade union of the Walmart China Head Office announced the donation of RMB 150,000, via the China Foundation for Poverty Alleviation, to Zhouqu County, Gannan Tibetan Autonomous Prefecture in Gansu Province, which was hit by a massive flow of mud and rock. This donation assisted the victims in dealing with the disaster and helping themselves.
- Walmart donated over RMB 370,000 to the flooded area since June. Over 600 Walmart China associates have dedicated to these relief activities.
- In May 2008, Walmart pledged to donate over RMB 20 million to the Sichuan earthquake-stricken areas for buying items in short supply and community reconstruction. The projects included:
- Buying and delivering badly needed supplies to the earthquake-stricken areas immediately after the earthquake, by coordinating efforts with the Red Cross, the local government, relief organizations and civil affairs authorities.
- Donating RMB 5 million to the Sichuan Foundation for Poverty Alleviation for supporting programs to build countryside clinics in the earthquake-stricken area, and donating 20 ambulances worth more than RMB 2.5 million to the Health Department of Sichuan Province
- Committing RMB 6 million for the rebuilding of schools damaged in the earthquake through the “Sichuan Sustainable Schools project”. The project is managed by the China-US Center for Sustainable Development. On April 29, 2011, after two years of construction, Walmart announced the completion of the new Jindai Ecological Model Primary School, Liangping County in Chongqing.
- Donating about RMB 1.08 million to the international NGO Right to Play for the pilot program in Hanzhong and Ankang districts of Shaanxi Province to help orphaned and handicapped children.
- Donating RMB 700,000 to support the Big Top project through partnership with Half the Sky Foundation, creating a warm and positive environment for children in the earthquake-stricken area.
- In January, 2010, in response to the tragic earthquake in Haiti, Walmart operations around the world and the Walmart Foundation announced a $500,000 monetary donation to the Red Cross emergency relief efforts in Haiti. The company also sent pre-packaged food kits valued at $100,000 to Haiti. Walmart China also donated RMB 200,000 for disaster relief.
- In March 2010, Walmart in the U.S. announced an initial donation of $ 1million to the tragic earthquake in Chile.? Walmart China and its union, and Walmart’s Global Sourcing team in China donated an additional RMB 400,000 in cash and in-kind support to Chile.
- In April, 2010, Walmart Foundation donated $150,000 to the international NGO, World Vision for Public Welfare Project for earthquake relief in Qinghai.? Walmart China and its union, and the Walmart Global Sourcing team in China donated an additional RMB 525,000 in cash and in-kind support to Qinghai Yushu, which was devastated by a massive earthquake. In addition, Walmart China associates made an additional donation of RMB 401, 500. In this way, Walmart China and Walmart's global foundation are joining efforts to support Qinghai relief with a total donation worth RMB 1.95 million.
About Walmart China’s Sustainable Development
Besides providing assistance to the community and making grants, Walmart is committed to incorporating sustainability throughout its global supply chain and daily operations. Sustainability has been a global priority of Walmart since 2005. And we’ve committed to three major goals
- to be supplied 100 percent by renewable energy
- to create zero waste
- to sell products that sustain the world’s resources and the environment
In October, 2008, Walmart brought its top suppliers together in Beijing for the Sustainability Summit, outlining a series of aggressive goals and expectations to build a more environmentally and socially responsible global supply chain. Walmart is cooperating with its top 200 supplier factories to reach the goal of 20% energy efficiency improvement by 2012. In February, 2010, we announced a goal to eliminate 20 million metric tons of greenhouse gas (GHG) emissions from our global supply chain by the end of 2015. This is the equivalent of taking more than 3.8 million cars off the road for a year.
On October 14, 2010, Walmart announced its global sustainable agriculture goals. We would focus on three broad areas, with specific goals and commitments to help measure progress.
- First, Support farmers and their communities. By the end of 2015, Walmart will purchase and sell globally food sourced directly from 1 million small, medium local farmers;
- Second, Produce more food with less waste and fewer resources. Walmart will invest $1 billion in its global fresh supply chain to help deliver fresh, quality food with a longer shelf life to its customers by the end of 2015
- Third, Sustainably source key agricultural products。
On October 25, 2012，Walmart further strengthened its commitment to a sustainable global supply chain by announcing a series of initiatives to make the company’s supply chain in the United States, China, and around the world more sustainable. At an event in Beijing, Walmart said the company will use the Sustainability Index to design more sustainable products, make its global supply chain more socially and environmentally accountable and responsible, and incentivize merchants to make sustainability a bigger part of their day-to-day jobs. The initiatives include:
- By the end of 2017, Walmart will buy 70 percent of the goods it sells in U.S. stores and in U.S. Sam’s Clubs only from suppliers in the United States, China, and around the world who use the Index to evaluate and share the sustainability of their products. This change will involve suppliers who produce goods in categories where the Index is available.
- Beginning in 2013, Walmart will use the Sustainability Index to influence the design of its U.S. private brand products.
- Walmart will change the way its key global sourcing merchants are evaluated so that sustainability becomes an even more important part of buyers’ day-to-day jobs. Beginning in 2013, these buyers will join key buyers in Walmart U.S. and Sam’s Club who already have specific sustainability objectives on their annual evaluations.?
- The Walmart Foundation will grant $2 million to fund The Sustainability Consortium (TSC) and assist in its efforts in launching TSC in China. TSC is an independent research organization. Using the Walmart Foundation grant, TSC China will engage industries, universities and other experts to form a global network of leaders improving sustainability in consumer goods, and will provide tools and resources to help suppliers become more sustainable and competitive. Walmart will use the results of TSC's independent work to refine its Sustainability Index for use in China.
Walmart’s sustainability initiatives in China are aligned with the Chinese government’s environmental, social and energy objectives. And it is fully aligned with the company’s global sustainability goals. Walmart China’s sustainability goals and key programs mainly include:
- Building energy efficient stores and becoming the best-in-class sustainable retailer in China. By using LED lighting as general lighting, adopting energy-saving refrigeration, installing heat reclamation systems, and turning down lighting during off-peak hours, etc. As designed, up to the end of 2010, we were expected to achieve:
- 40.16% reduction in energy use in new proto stores against 2005 baseline, exceeding its original goal of 40% reduction in energy use.
- 54.17% water use reduction in new proto stores against 2005 baseline, exceeding its original goal of 50% reduction in water use.
Our goal is:
- 20% Green House Gas reduction by 2013 against 2005 baseline
- As designed, up to the end of 2010, we were expected to achieve:
- 11.3% GHG reduction in energy use in existing stores
- Sell sustainable products. Set Walmart China’s Direct Farm Program as an example.
Walmart’s Direct Farm Program started in 2007. We helped farmers better adapt to market conditions, encouraged them to choose standardized and scaled production methods, and provided instructions on ways to preserve the environment in production activities. These initiatives not only increased farmers’ income, but also helped Chinese customers get the benefits of fresh, safe, delicious, affordable and sustainable produce. In December 2008, Walmart was picked by the Ministry of Commerce and the Ministry of Agriculture as one of the first companies for the pilot “Direct Farm” program.
- Build a world-class, high-value sustainable supply chain. Set The Program of Capacity Building on Innovation and Sustainable Development in Chinese Manufacturing Enterprises as an example:
Since the launch of the project in October 2008 by Walmart and the Administrative Centre for China's Agenda 21 (ACCA21), a public institution under China’s Ministry of Science and Technology, the needs analysis of suppliers training has been carried out; CEO training and a number of technical training sessions have been held; pilot clean production audits have been completed in 4 companies in the food, clothing, electronics, and toy industries; project outcomes have been assessed; and the publicity and promotion on the outcomes of the project has been successful through the making of publicity materials. After nearly six months of clean production audits, the four pilot enterprises achieved lower power consumption per unit of product by 6.4%, 9%, 6.9% and 11% respectively, completing 32%, 45%, 34.5 % and 55% of their sustainable development goals in 2012 respectively, which lays a solid foundation to achieve their overall goal of saving 20% by 2012. 65 programs have been developed through pilot enterprise programs, 56 of which have been carried out with a total investment of about RMB 1.79 million and an economic benefit of about RMB 5.12 million.
Walmart is also committed to working with the Chinese government, supplier partners, and associations to achieve its sustainability goals by signing cooperative Memorandums of Understanding (MOUs).
- In October 2008, signed an MOU with the Administrative Center for China's Agenda 21 (ACCA21) of Ministry of Science & Technology (MOST) with an aim to provide support for domestic enterprises to achieve sustainable development by launching The Program of Capacity Building on Innovation and Sustainable Development in Chinese Manufacturing Enterprises.
- In October 2008, signed an MOU with the China National Forestry Industry Association (CNFIA) of State Forestry Administration (SFA) to share expertise and exchange views on forest certification.
- In December, 2008, signed an MOU with the Environmental Certification Center of the Ministry of Environmental Protection (MEP) to develop green store standards in China.
- In October, 2009, signed an MOU with ACCA21 of MOST regarding launching the “Walmart Cup” Youth Science & Technological Innovation Competition, to increase public awareness of energy-saving and emission reduction, and to encourage young people to be active in science & technological innovation. On July 15 2010, the award ceremony for the “Walmart Cup” Youth Science & Technological Innovation Competition was held by Walmart China and ACCA 21 of MOST at the U.S. Pavilion of the Shanghai Expo. Awards were given to 30 students for best, first and second prizes and 5 schools and universities as best organizers.
- In October, 2009, signed two MOUs with the Ministry of Commerce (MOFCOM) and the Ministry of Agriculture (MOA), to accelerate the expansion of Walmart’s Direct Farm program and promoting knowledge and experience sharing, training, product testing & tracking.
- In April, 2010, signed an MOU with the China Beverage Industry Association for a joint effort on promoting clean production and sustainable development in the beverage industry.
- In October, 2010, signed an MOU with the Zhonglin Tianhe (Beijing) Forest Certification Center of the State Forest Administration (SFA) for a joint effort on providing technical consulting and professional trainings on forest certification for forest certification assessors, suppliers, managers of forest-related businesses and agencies to be certified.
- In December, 2010, signed an MOU with Peking University for the cooperation in the Waste Management and Recovery, and reducing the amount of waste generated by our facilities.
- Partnered with suppliers to promote eco-packaging and improve energy efficiency in home appliances. Since 2008, we have made the "Walmart China Eco-Packaging fair” an annual event for our suppliers, aiming at jointly seeking operational improvements which will enable our suppliers to find energy-saving packaging solutions. The packaging scorecard was also launch in early 2009 in China. So far, we have worked with 36 supplier partners on more than 1800 SKUs.
- Through partnership with local governments, we’re leading initiatives in different parts of the country to prepare export manufacturers to produce for the domestic market as well through PSEE - Program Supporting Export-oriented Enterprises in Developing Domestic Market, helping them overcome the economic downturn. Walmart promoted PSEE in Guangdong, Jiangsu, Zhejiang, Fujian and other areas where export-oriented enterprises are concentrated since April 2009, sponsoring 7 PSEE activities and actively taking part in 9 related exhibitions and symposiums sponsored by central and local governments. Through this program, more than 1,000 enterprises attended PSEE trainings, over 60 of which have been able to put their products on the shelf of Walmart stores, driving a total sale of over RMB 50million.
- Feb. 2012, Walmart China and Chongqing Foreign Trade and Economic Relations Commission (Chongqing MOFCOM) signed a Memorandum of Understanding (MOU) on “Strategic Economic and Trade Partnership”. The MOU aims to develop economic and trade cooperation, broaden business interactions for both parties in the future, and plans to conduct cooperation in six areas including: New Sam’s Clubs; Multi Formats; E-commerce; Transition and Distribution Center; Direct Farm and Commercial Land.
Awards and Honors
Walmart China's Sustainability and CSR Efforts are also widely recognized by society. Some of the most recent awards and honors are listed below:
- In the 2013 CBN “50 Top Innovative People” award ceremony, as well as the 5th Anniversary of China Business News Weekly, Ray Bracy, Senior Vice President, Walmart China,?was awarded “CSR Innovator”.
- On December 21st, 2012, the annual CSR awarding event “Show Big Love through Micro CSR” organized by people.cn, supported by Peopleyuqing.com and China Spokesman Club was held in Beijing. The micro CSR event “Sunny Communities” initiated by Walmart China received “People’s Micro-Blog CSR” award.
- On December 7th, 2012, Walmart China received “2012 China Excellent CSR Corporate Award” by China Association of Enterprises with Foreign Investment, China Foundation of Consumer Protection, China Society of Private Economy Research and China Association of Environmental Journalists.
- On October 24th, 2012, the Economic Observer, one of the mainstream economic and business media, held the "2011-2012 Sustainability in China Summit & Awards Ceremony" in Beijing. “Walmart’s Women's Development Fund", a CSR program initiated by Walmart China, was awarded “Excellent Case for 2011-2012 Sustainability in China” by the Economic Observer.?
- On September 19, Walmart China was named as one of “Top 100 Most Trustful Brand” and won “Awards for outstanding contribution in food safety and public health” by CBN and global food safety management expert Ecolab.
- On July 12, at the First China Charity Fair, the project themed “Walmart Charitable Counter for the Disabled” was honored with the “China Charitable Innovative Project silver award”.
- On July 2, on the project briefing for the “Charitable Meal” and the launch ceremony of 2012 “One Yuan Love” program by China Foundation for Poverty Alleviation (CFPA), Walmart China was awarded “2011 Charitable Company with a Caring Heart” by CFPA.
- On April 18, Walmart China Sam’s Club E-commerce（www.samsclub.cn）was recognized as “High Integrity Demonstration Enterprise in Ecommerce and information application areas” by China E-commerce Association (CECA).
- On March 20, at the press conference and the award ceremony for the 2012 CSR ranking of TOP 25 CSR Corporate Practitioner hosted by Fortune’s Chinese edition. Walmart China won the award of the “Top 25 CSR Corporate Practitioner”.
- In Feb. 2012, Walmart China was selected “Special Award for 2012 Responsible Company Under the Spotlight”: Meanwhile, “Walmart’s Women’s Development Fund” was awarded “2012 Outstanding CSR Project Under the Spotlight ” .
- Walmart China was awarded the “Outstanding CSR Company” at the session themed “2011 China CSR High Forum and the launch of Chinese Companies’ CSR Report”, hosted by xinhuanet.com.?
- Walmart China was awarded The Year 2011 Best Employer by China HR, rank 20 in the Top50.
- Walmart China was awarded as the 2011 Special Award on Corporate Social Responsibility by China Association of Enterprises with Foreign Investment (CAEFI), China Foundation on Consumer Protection.
- On August 18, Walmart China was named as one of "the top 100 most trustful brands" in food safety and public health by CBN.
- On Oct 19, 2011 Walmart China was nominated “the Outstanding Employer – The Best Company to Work for” by Towers Watson and Fortune (Chinese). This is the fifth consecutive year for the release of the award list since 2003.
- Walmart Beijing Wangjing Store (1016#) was picked by China Chain Store & Franchise Association as one of the first companies for the 100 Model Low-carbon Stores award.
- Jinghua Commonweal Award - 2010 Best Corporate Social Responsibility Contribution Award of China by the Chinese Red Cross Foundation, Jinghua Commonweal Fund, and Beijing Times.
- Low-Carbon Innovation Company by China Youth Daily and the Economy Journal
- Best Retail Place to Work and Retail Innovation Award of 2010 by China Franchise & Chain Store Association
- The China Best Employer Enterprise by the International Human Resources Association
- China Green Gold Award by Sohu.com and A.T.Kearney
- The Leading Brand of Low-carbon by People.com.cn.
- 2010 Hurun CSR Top 50
- The Top Charity Brand that Influences Chinaat the Top Brands Contributors Awarding Ceremony. (General Assembly on China Brands and Communications 2010) hosted by China Media Culture Promotion Association (CMCPA)
- Top Ten Global Leaders in Green Economy by International Green Economy Association (IGEA)
- Walmart ranks number one on the 2009 Multinational Company’s Contribution to China List by the China Enterprise Federation, China Enterprise News and China Corporate Social Responsibility Research Center
- Walmart was listed among the China Top 100 Brands and Top 10 Foreign Brands at the P.R. China’s 60th Anniversary by People’s Net of the People’s Daily and the China Newsweek
- The Satisfactory Chain Retailers selected by Suppliers by Business Information of Shanghai, seven years in a row
- Academician-recognized Best Employers in China by www.ChinaHR.com, six years in a row
- Contribution of Fortune Global 500 in China – Top 100 Companies by Southern Weekend, five years in a row
- The 2009 Business Week Greener - China Business Award
- China Green Bench Mark Company 2008 by the China Entrepreneur Club
Milestones of Walmart China
- In 1996, Walmart first came to China, opened the first Walmart supercenter and the first Sam’s Club in Shenzhen. In the same year, Walmart also set up the first distribution center in Shenzhen.
- In 2002, Walmart established its Global Sourcing office in Shenzhen.
- On February 27th, 2007, Wal-Mart Stores Inc. announced the agreement of purchasing 35% equity of Trust-Mart.
- In September, 2008, Walmart China opened its first environmentally-friendly store in Beijing.
- In 2010,At the end of this year, Walmart introduced the Sam’s Club online shopping service in Shenzhen, and also extended the online shopping service to Beijing in May, 2011.
- On May 13th, 2011, Wal-Mart Stores Inc. reached an agreement with Yihaodian, a rapidly developing E-commerce company in China, on the purchasing of the minor equities of Yihaodian.
- On June 27th, 2011, Walmart signed the “Framework of MOU on the Promotion of Walmart’s E-commerce in Shanghai” with the Shanghai Municipal Commission of Commerce, and officially announced the establishment of the Chinese headquarters of Walmart’s Global E-commerce in Shanghai.
- On February 19th, 2012, Wal-Mart Stores Inc. declared that an agreement had been reached with Yihaodian on Walmart’s increased investment in this Chinese e-commerce company, which increased Walmart’s equity shares to 51%.
- On October 26, 2012, Walmart announced the completion of its increased investment in the holding company of Yihaodian, a fast-growing e-commerce business in China, bringing Walmart’s total ownership stake to approximately 51 percent.