Walmart(US:WMT) Zhong Guo Jing Ying Bao·2025-10-28 01:41Core Insights - Walmart China has appointed Liu Peng as the President of Sam's Club, effective immediately, as part of its strategy to enhance investment and upgrade its business in China [1] - Liu Peng brings extensive experience from Alibaba Group, where he held various senior positions, and is expected to leverage his understanding of global brand localization and insights into Chinese consumers [1] - The appointment aims to strengthen Sam's Club's member-centric capabilities and drive digital transformation and technological innovation [1] Company Performance - Sam's Club has been experiencing rapid growth, with nearly 60 stores opened in over 30 cities, and approximately 5 new stores expected to open by the end of this year [2] - Membership numbers are increasing, and e-commerce now accounts for over 50% of its business [2] - For the fiscal year 2025, Walmart China's net sales are projected to be around $20.3 billion (approximately 144.5 billion RMB), with Sam's Club contributing over 100 billion RMB, representing more than two-thirds of Walmart China's performance [2]