Walmart(US:WMT) Cai Jing Wang·2025-10-27 11:34Core Insights - Walmart China announced the appointment of Liu Peng as the President of Sam's Club, effective immediately, reporting directly to Walmart China's President and CEO, Zhu Xiaojing [1] - This move is part of Walmart's ongoing strategy to increase investment in China and upgrade its business operations [1] Company Developments - Liu Peng has a strong background in e-commerce, having held various senior positions at Alibaba Group, including General Manager of Tmall International and President of Tmall Import and Export Business [1] - Sam's Club currently operates nearly 60 stores across more than 30 cities in China, with plans to open approximately five new stores by the end of this year [1] Membership and E-commerce Performance - Membership numbers for Sam's Club are on the rise, with both renewal rates and activity levels showing a stable upward trend [1] - E-commerce sales now account for over 50% of Sam's Club's business [1]