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Tag: Wal-Mart China

  • Walmart makes another big move in China

    Walmart makes another big move in China

    Walmart has made another big e-commerce investment in China.
    On the heels of launching three major e-commerce initiatives in China, Walmart will invest $50 million in New Dada — China’s largest local on-demand logistics and grocery online-to-offline (O2O) e-commerce platform.
    Walmart’s newest investment further extends its agreement with JD.com, which uses New Dada’s network to offer customers two-hour delivery on groceries ordered from Walmart stores through the JD Daojia Dada app.
    New Dada, an independent joint venture between Walmart’s Chinese partner JD.com and Dada, has more than 25 million registered customers. Providing local on-demand delivery capabilities with 2.5 million crowd-sourced deliverers across more than 300 cities in China, this new service complements the 426 stores that Walmart operates in nearly 170 cities.
    Overall, Walmart’s investment in New Dada will help the retailer target Chinese shoppers with faster delivery times in a popular, fiercely competitive online grocery market, according to a company statement.
    “All around the world, we’re creating seamless shopping experiences that bring together our stores, sites and apps to make shopping faster and easier,” said Walmart CEO Doug McMillon. “Our alliance with JD and cooperation with New Dada will enable seamless shopping to millions of customers across China.”
    Specifically, the business partners expect the combination of New Dada’s delivery network with Walmart stores to give “consumers convenient access to a wide range of high-quality goods delivered to their homes and offices in record time,” said Philip Kuai, CEO of New Dada. “We look forward to deepening our cooperation with Walmart as China’s O2O retail industry continues to evolve and grow.”
    Walmart’s next move is to double the number of its stores that offer two-hour delivery by the end of the year, the statement said.
  • Wal-Mart China expanding in Yunnan province

    Wal-Mart China expanding in Yunnan province

    Supermarket retailer Wal-Mart China says it will build four more outlets in the southern Chinese province of Yunnan, including one in Kunming, before the end of the year.

    It also expects to launch more than 20 stores in Yunnan, including 12 in Kunming, before the end of 2020.
    Wal-Mart China COO Jim Thompson says the company has always been confident about the Chinese market, which it entered 20 years ago.

    In Yunnan, it will not only invest more than CNY60 million (US$8.9 million) to upgrade its stores in Kunming, but will also open four outlets in the province before the end of this year.

    Wal-Mart has been enhancing its stores while adding new ones across China. So far, it has invested more than CNY350 million in its upgrade program, improvements including high-performance air-conditioning pumps, LED lighting and leaf-vegetable spray racks.

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  • Wal-Mart China partners with JD.com

    Wal-Mart China partners with JD.com

    Chinese eCommerce giant JD.com has formed a strategic partnership with Wal-Mart China.

    The agreement covers a range of business initiatives, both online and offline. For Wal-Mart, the alliance expands its eCommerce activities and gives its stores and Sam’s Clubs potential traffic from JD.com’s online customer base and same-day delivery network.

    JD.com will leverage Yihaodian‘s strong brand and business in eastern and southern China and in key product categories such as high-quality grocery and household goods. JD.com customers will also gain access to new and imported items from Wal-Mart and Sam’s Club.

    JD.com will now control the brand, website and app for eCommerce platform Yihaodian, while Wal-Mart will retain the subsidiary’s direct sales business. JD.com CEO Richard Liu says he looks forward to “further developing” the brand.

    Sam’s Club China will also have a flagship store on JD.com. It will offer same- and next-day delivery through JD.com’s nationwide warehousing and delivery network, which covers a population of 600 million consumers.

    “Sam’s Club’s unique, high-end product selection meets the demand from China’s increasingly affluent consumers for high-quality, imported products,” says Liu.

    Wal-Mart president/CEO Doug McMillon says the two companies share similar values. “We also look forward to offering customers a tremendous number of quality imported products not previously widely available in China.”

    Wal-Mart’s China stores will be listed as a preferred retailer on JD.com’s O2O JV Dada, China’s largest crowd-sourced delivery platform, allowing customers to order fresh food and other items from Walmart stores for two-hour home delivery.

    Walmart will continue to run its own physical stores.
    Walmart Stores has 11,527 stores under 63 banners in 28 countries, and eCommerce business in 11 countries.

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