Core Insights - Walmart's shares have increased by 12% since the announcement of its transfer from the New York Stock Exchange to Nasdaq, reflecting a tech-driven long-term strategy [2] Group 1: E-commerce Growth - Walmart's e-commerce business has become profitable, with a global growth rate of 22% reported in the first quarter earnings call [4] - Following the historic earnings call in May, Walmart reported a further e-commerce growth of 27% in Q3, with each segment showing over 20% year-over-year growth [6] Group 2: Digital Retail in China - In China, nearly 80% of digital orders are delivered in under an hour, with half of Walmart's business in the region now being digital retail, compared to around 33% in the U.S. [7] - Walmart's net sales in China reached $6.1 billion last quarter, with more than half coming from e-commerce, which surged by 32% [8]