Walmart(US:WMT) Qi Lu Wan Bao Wang·2025-10-10 00:03Group 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 (Shanghai) Investment Co., Ltd. [1] - The Qingdao Sam's Club is located at No. 1 Changhui Road, Lake Island Street, Shibei District, Qingdao, which is also the address of the Sam's Club store [2] - The planned structure for the Qingdao Sam's Club includes a two-story shopping space of approximately 20,000 square meters above ground and a two-level underground parking facility with about 1,100 parking spaces [3] Group 2 - In June 2022, Qingdao's business leaders expressed intentions to attract major retailers, including Sam's Club, to enhance the local consumption landscape [4] - The project for Qingdao Sam's Club was officially signed on May 27, 2024, during the opening ceremony of the Hong Kong and Macao Shandong Week [5] - Construction for the Qingdao Sam's Club project commenced on August 2, 2024, with plans to establish over six cloud warehouses across the city, each expected to generate sales of 80 million CNY, leading to an anticipated annual online retail revenue exceeding 2 billion CNY [6] Group 3 - The Qingdao Sam's Club is projected to be operational by 2026 [7] - In contrast, the Jinan store is set to open by the end of December 2024, with a total construction area of 81,000 square meters, including two above-ground and three underground levels, and 1,100 parking spaces [12] - Jinan's Sam's Club will also implement a "store + front warehouse" model to enhance online consumption and support regional economic growth [13]