Walmart(US:WMT) Nan Fang Du Shi Bao·2025-10-27 08:49Core Viewpoint - Walmart China has appointed Liu Peng as the new president of Sam's Club, marking a strategic move to enhance its investment and business strategy in China [1][4]. Group 1: Leadership Appointment - Liu Peng brings extensive retail experience, having held significant positions at Alibaba Group, including General Manager of Tmall Global and President of Tmall Import and Export [3]. - His background includes leadership roles in various companies, providing him with a comprehensive understanding of retail operations [3]. - The appointment is seen as a key step in strengthening Walmart's commitment to becoming a trusted omnichannel retailer in China [4]. Group 2: Transition and Development - Liu Peng will work with outgoing president Jane Ewing to ensure a smooth transition before Ewing returns to Walmart's international division [6]. - Jane Ewing's leadership during the transition has been acknowledged for maintaining business stability and fostering collaboration between the Chinese team and the international division [6]. Group 3: Business Performance - Sam's Club has been experiencing rapid growth in China, with nearly 60 stores in over 30 cities and plans to open five more by the end of the year [8]. - Membership numbers are steadily increasing, with high renewal rates and active engagement, while e-commerce now accounts for over 50% of sales [8]. - The club operates under a "member-first" philosophy, leveraging global procurement resources to offer high-quality products and a seamless shopping experience [8].