Walmart(US:WMT) Guan Cha Zhe Wang·2025-10-28 03:43Core Insights - Walmart China has appointed Liu Peng as the President of Sam's Club, effective immediately, reporting directly to the CEO of Walmart China, Zhu Xiaojing [1] - This appointment is part of Walmart's ongoing investment strategy and business upgrade in China [4] Group 1: Leadership Changes - Liu Peng has a strong background in retail, having held various leadership positions at Alibaba Group, including General Manager of Tmall International and President of Tmall Import and Export [5] - Jane Ewing, the acting President of Sam's Club, will conclude her temporary assignment by the end of this year and return to Walmart's international division [4] Group 2: Business Performance - Walmart China's net sales reached $6.7 billion in Q1 2025, marking a 22.5% year-on-year increase, with Sam's Club being a major contributor [5] - For Q2 2025, Walmart China's net sales were $5.8 billion, reflecting a 30.1% year-on-year growth, with comparable sales up by 23.1% and e-commerce sales increasing by 39%, accounting for over 50% of total sales [5] - Sam's Club has shown strong growth, with double-digit increases in transaction volume and the opening of 8 new stores in the past 12 months, totaling nearly 60 stores across over 30 cities [5]