Walmart(US:WMT) Sou Hu Cai Jing·2025-10-09 12:05Group 1 - Sam's Club is accelerating its expansion in Shandong, with the establishment of Qingdao Sam's Club Co., Ltd., which has a registered capital of 3 million USD and is fully owned by Sam's Club (Shanghai) Investment Co., Ltd. [1] - The Qingdao Sam's Club is planned to have a shopping space of approximately 20,000 square meters above ground and a parking facility with about 1,100 parking spaces [1][2]. - The project in Qingdao is part of a broader strategy to enhance new consumption formats in the region, with local government support for attracting major retail brands [1]. Group 2 - The Qingdao Sam's Club project was officially signed during the 2024 Hong Kong-Macao Shandong Week, with construction starting on August 2, 2024 [2]. - Sam's Club plans to establish over six cloud warehouses in Qingdao, with each expected to generate sales of 80 million CNY, leading to an anticipated annual online retail revenue exceeding 2 billion CNY [2]. - The Qingdao Sam's Club is expected to be operational by 2026 [4]. Group 3 - In Jinan, the first Sam's Club store is set to open by the end of 2026, with construction expected to begin by December 2024 [5]. - The Jinan store will cover an area of 30,000 square meters, with a total building area of 81,000 square meters, including two above-ground and three underground levels [5]. - The project in Jinan aims to enhance online consumption through a "store + front warehouse" model, contributing to regional economic growth [7].