Walmart(US:WMT) Shen Zhen Shang Bao·2025-10-27 23:55Core Insights - Walmart China has appointed Liu Peng as the new president of Sam's Club, effective immediately, as part of its strategy to enhance investment and business upgrades in China [1] - Liu Peng brings extensive experience from Alibaba, where he held various leadership roles, and is expected to leverage his understanding of global brand localization and consumer insights to improve Sam's Club offerings [1] - Walmart China reported strong growth, with Sam's Club achieving a 30.1% year-on-year increase in net sales for Q2, significantly outpacing industry averages [2] Group 1 - Liu Peng has joined Walmart China as the president of Sam's Club, reporting directly to the CEO, Zhu Xiaojing [1] - Jane Ewing, the previous acting president, will return to Walmart International at the end of the year [1] - Walmart China views this leadership change as a critical step in its ongoing investment and strategic upgrade in the Chinese market [1] Group 2 - Walmart's total revenue for Q2 was $177.4 billion, reflecting a 4.8% year-on-year growth, with a 5.6% increase when excluding currency fluctuations [2] - Sam's Club is expanding rapidly, with nearly 60 stores in over 30 cities and plans to open about five new stores by the end of the year [2] - Membership numbers for Sam's Club are increasing, with stable growth in renewal rates and activity levels, and e-commerce now accounts for over 50% of sales [2]