Walmart(US:WMT) Huan Qiu Wang·2025-10-27 04:16Group 1 - Walmart China announced the appointment of Liu Peng as the President of Sam's Club, effective immediately, reporting directly to the President and CEO of Walmart China, Zhu Xiaojing [1][3] - This move is part of Walmart's ongoing strategy to increase investment in China and upgrade its business operations [1] - Jane Ewing, the acting President of Sam's Club, will conclude her assignment and responsibilities by the end of this year and return to Walmart's international division [1][3] Group 2 - Liu Peng has extensive experience in the Chinese retail and internet sectors, having held various senior positions at Alibaba Group, including General Manager of Tmall Global and President of B2C Retail Business Group [3] - Zhu Xiaojing expressed confidence that Liu Peng's international perspective and deep integration capabilities in global supply chains will help lead the Sam's Club team in strategic upgrades and digital transformation [3] - Currently, Sam's Club operates nearly 60 stores in over 30 cities, with plans to open approximately five new stores by the end of this year, and e-commerce business accounts for over 50% of its operations [3]