2月11日 广州开发区控股集团 （以下简称"广开控股"） 与沃尔玛（中国）投资有限公司 正式签署合作协议 成功引进 黄埔首家山姆会员商店项目 入驻旗下产业园新地标 ——广开云领科技城 △签约现场 黄埔山姆会员商店项目规划建筑面积约2.2万平方米，预计2028年开业。 项目以"第四代山姆会员商店"为定位，立足于广开云领科技城"智能制造+科研办公"属性，引入全球精选商品、高端会员服务等特色业态，同步设立云仓 整合周边资源，打造辐射服务黄埔及周边的地标性仓储式会员制超市，引领片区商业迭代升级。 △黄埔山姆会员商店效果图，以实际建设为准 携手行业标杆 赋能片区能级跃升 山姆会员商店作为沃尔玛旗下定位高端、选址标准严苛的会员制商店，凭借全球严选商品、差异化供应链和沉浸式购物体验深受消费者喜爱，目前已在全 国30余座城市布局了超60家门店。 黄埔山姆会员商店项目的成功落地启动，是广开控股积极响应广州培育建设国际消费中心城市号召，践行国企担当，助力优化营商环境、服务区域高质量 发展的重要举措。 △黄埔山姆会员商店效果图，以实际建设为准 广开控股首席园区运营官吴晓煌表示，随着山姆会员商店的成功引入，广开控股也将在商业消费领域 ...

2月11日，广州开发区控股集团（以下简称"广开控股"）与沃尔玛（中国）投资有限公司正式签署合作 协议，引进黄埔首家山姆会员商店项目入驻旗下产业园新地标——广开云领科技城。 沃尔玛（中国）华南区地产开发总监张杨表示："我们坚定看好黄埔发展前景，这里产业集聚、人才荟 萃、营商环境优越，我们将全力以赴把黄埔山姆打造成标杆项目，把最新的门店形象、最优的商品组合 和最好的会员服务带到黄埔，为广大市民带来更安心、便捷、高品质的购物体验，为区域经济发展和民 生改善贡献力量"。 相关附件 黄埔山姆会员商店项目规划建筑面积约2.2万平方米，预计2028年开业。项目以"第四代山姆会员商 店"为定位，引入全球精选商品、高端会员服务等特色业态，同步设立云仓整合周边资源，打造辐射服 务黄埔及周边的地标性仓储式会员制超市，引领片区商业迭代升级。 广开控股首席园区运营官吴晓煌表示，项目在填补片区高端商业空白之余，也同步推动所在区域列入广 州市级商业中心范围，未来有望吸引更多高端商业、产业资源要素聚集，赋能片区从"产业重镇"向"综 合新城"迈进。 ...

杨承新代表市委、市政府向刘鹏一行表示欢迎。他说，昆明正抢抓区域性国际消费中心城市培育建设机 遇，持续提升城市能级，加快释放内需潜力，打造多元消费新场景，激活消费市场新动能，更好满足市 民对美好生活的向往。沃尔玛与昆明合作基础深厚、前景广阔，山姆会员商店项目的落地，将进一步推 动昆明消费场景提质升级。希望企业充分发挥平台、品牌优势，持续扩大经营规模、增强辐射效应，助 力昆明商贸零售业提质增效；同时深化在跨境电商、市场采购等领域的合作，将更多本地花卉、果蔬、 咖啡等特色产品纳入沃尔玛采购体系，放大项目合作效应。昆明将全力做好服务保障工作，为企业在昆 发展提供坚实支撑，携手开创共赢发展新局面。 毕绍刚、赵文等参加。 座谈会后，官渡区人民政府与沃尔玛中国公司签订合作协议。根据协议，沃尔玛将在官渡区落地云南首 家山姆会员商店。 本报讯 首席记者杜托报道 1月22日，市委副书记、市长杨承新与沃尔玛中国高级副总裁、山姆会员商店 业态总裁刘鹏一行座谈，并共同见证合作协议签约。 刘鹏表示，昆明区位优势突出、消费市场广阔、发展潜力巨大，是企业深耕布局的重要区域。沃尔玛将 加大在昆投资力度，配齐配强经营团队，扎实做好各项筹备工作， ...

Group 1 - The core viewpoint of the news is the collaboration between Kunming city and Walmart China, focusing on the establishment of the first Sam's Club store in Yunnan, which aims to enhance the local consumption landscape and stimulate economic growth [1][5]. - Kunming is seizing the opportunity to develop as a regional international consumption center, aiming to improve urban capabilities and activate new consumption dynamics to better meet citizens' needs for a better life [3]. - Walmart recognizes Kunming's significant regional advantages and market potential, committing to increase investment and prepare for the launch of the Sam's Club, which will provide new consumption experiences for local residents [3][5]. Group 2 - A cooperation agreement was signed between the government of the Guandu District and Walmart China, marking the official commitment to establish the first Sam's Club in Yunnan [5]. - The local government expressed its support for Walmart's operations, emphasizing the importance of enhancing the retail sector and integrating local products into Walmart's procurement system [3]. - Walmart plans to leverage its platform and brand advantages to expand its operational scale and enhance its impact in the region, while also promoting local products to national and global markets [3].

Market Overview - In the week of January 12-18, 2026, the Kunming real estate market saw an increase in both transaction volume and prices, with new regulations on residential and school district properties being the main focus for registrations [1] - According to CRIC, Kunming supplied approximately 45,500 square meters across four projects, a 95% increase week-on-week; transactions reached about 44,100 square meters, up 50% week-on-week, with an average transaction price of 11,854 yuan per square meter, a 1% increase [1] Key Projects and Sales - The second phase of the Bangtai Guanyun project continued to perform well, with sales amounting to approximately 36 million yuan, 11 units sold, and an average transaction price of 19,407 yuan per square meter, making it the highest-priced project [1] - High-end improvement projects such as Poly Tianjun and China Resources Center maintained strong sales, with approximately 29 million yuan and 28 million yuan in sales, and average transaction prices of 17,902 yuan per square meter and 15,431 yuan per square meter, respectively [2][3] - The Vanke 500 Li project in the exhibition area recorded sales of about 26 million yuan, with an average transaction price of 16,966 yuan per square meter [3] Land Transactions - No new land supply or transactions occurred in Kunming's main urban area last week; however, in the suburbs, Dongfang Asset acquired five commercial plots in Songming County for a total price of 120 million yuan, continuing its expansion in the area [1][4] - Dongfang Asset has previously acquired approximately 310 acres of land in the Songming Vocational Education New City, totaling 393 million yuan, indicating a strong presence in the local land market [4] Infrastructure Developments - The construction of two new schools in the Guandu District is set to begin, with a total investment of approximately 122 million yuan, aimed at addressing the educational resource shortage in the area [6][11] - The new schools will include an 18-class primary school and a 30-class nine-year school, which are expected to enhance the educational infrastructure in the rapidly developing regions of Kunming [11][12] Upcoming Projects - The Sam's Club project is set to launch in the core area of the Zhenchi International Exhibition District, with a total investment of approximately 314 million yuan, which is anticipated to boost the high-end retail market in Kunming [5] - The public resource trading platform in Kunming has announced plans for a membership-based warehouse supermarket, with a contract amount of approximately 230.67 million yuan, expected to be officially released on February 13 [4]

Market Overview - In the week of January 12-18, 2026, the Kunming real estate market saw an increase in both transaction volume and prices, with new regulations on residential and school district properties being the main focus for registrations [1] - A total of 4 projects supplied approximately 45,500 square meters to the market, representing a 95% increase week-on-week; transactions reached about 44,100 square meters, up 50% from the previous week, with an average transaction price of 11,854 yuan per square meter, a 1% increase [1] Key Projects and Sales - The Bangtai Guanyun project continued to perform well, with sales amounting to approximately 36 million yuan, selling 11 units at an average price of 19,407 yuan per square meter, making it the highest-priced project [1] - High-end improvement projects such as Poly Tianjun and China Resources Center maintained strong sales, with approximately 29 million yuan and 28 million yuan in sales, respectively, at average prices of 17,902 yuan and 15,431 yuan per square meter [3] - The Vanke 500 Li project in the exhibition area recorded sales of about 26 million yuan, selling 11 units at an average price of 16,966 yuan per square meter [3] - Dahua Park Tianxia experienced accelerated sales due to recent partnerships with prestigious schools, selling 18 units at an average price of 9,682 yuan per square meter, ranking second in sales volume [4] Land Transactions - No land supply transactions occurred in Kunming's main urban area last week; however, in the suburban areas, Dongfang Assets acquired 5 commercial land parcels in Songming County for a total price of 120 million yuan, continuing its expansion in the area [5] - Dongfang Assets has completed two rounds of land reserve expansion within a week, acquiring a total of 1,458 acres of land in the region, with total investments exceeding 1 billion yuan [6] Infrastructure Developments - The Kunming Public Resources Trading Platform announced a tender for a membership-based warehouse supermarket, with a total estimated contract value of approximately 23 million yuan, expected to be published on February 13, 2026 [8] - Two new schools will be constructed in the Guandu District, with a total investment of approximately 122 million yuan, aimed at addressing the educational resource shortage in the area [10][12]

Core Insights - The announcement of a bidding plan for a membership-based warehouse supermarket in Kunming has reignited expectations for the establishment of Sam's Club in the city [1] - The total contract amount for the project exceeds 230 million yuan, with the bidding set to officially start on February 13, 2026, indicating a clear timeline for Sam's Club's entry into Kunming [1] - The project is positioned as a large-scale warehouse-style commercial building, with a planned land area of approximately 44,800 square meters and a total construction area of about 50,400 square meters, reflecting a long-term operational strategy [1][2] Project Details - The Kunming Natural Resources and Planning Bureau approved the land use permit for the site on December 25, 2025, confirming the construction of a membership-based warehouse supermarket [1] - The project is being developed by Shengda Real Estate Co., Ltd., a state-owned enterprise, which won the land through a public bidding process with an investment budget of approximately 314 million yuan [1] - The official registration of "Sam's (Kunming) Commercial Retail Co., Ltd." on January 5, 2026, marks the establishment of the entity responsible for operating Sam's Club in Kunming [1][2] Market Context - Sam's Club previously attempted to enter the Kunming market in 2001 but shifted to a regular Walmart store due to low acceptance of the membership model at that time [2] - With the increasing consumer power and maturing market environment in Kunming, there is renewed interest in the membership model, positioning Sam's Club's entry as a significant highlight for consumer upgrades in the region [2][3] - The specific opening date and cooperation model for Sam's Club in Kunming have not yet been disclosed, but there is widespread anticipation for new opportunities in the high-end membership retail market as the bidding progresses [3]

Core Insights - Walmart China has announced its latest recruitment needs for 2026, indicating the imminent opening of five new Sam's Club stores in various cities, marking a significant expansion phase for the brand in China [1] - In 2025, Sam's Club achieved a record-breaking sales performance of over 140 billion, reflecting a nearly 40% increase compared to the previous year [1][2] - The retail landscape in China is becoming increasingly competitive, with Sam's Club, Hema, and Pang Dong Lai emerging as the top three brands in the supermarket sector for 2025 [3] Group 1: Sam's Club Expansion - Sam's Club is set to open at least 10 new stores in 2026, with several already under construction and expected to open soon [4][5] - The total number of Sam's Club stores in China reached 63 by the end of 2025, marking the highest number of openings in a single year since its entry into the Chinese market [4] - The growth strategy includes the establishment of over 50 new front warehouses, which are crucial for supporting the sales performance of the new stores [2] Group 2: Competitor Performance - Hema's sales growth in 2025 was primarily driven by the opening of 40 new stores across 40 new cities, with a projected annual sales of over 100 billion, reflecting a 33% year-on-year increase [2] - Pang Dong Lai reported a sales figure of 23.53 billion for 2025, achieving a year-on-year growth of 38.71% [2][3] - The supermarket sector remains a core business for Pang Dong Lai, with sales from this segment reaching 12.64 billion, accounting for 53.73% of total sales [3] Group 3: Digital and E-commerce Growth - Walmart China reported a 22% increase in sales in Q3, with e-commerce sales growing over 30%, highlighting the strong performance of Sam's Club and its digital channels [6] - The penetration rate of e-commerce in China has reached 50%, with rapid delivery capabilities allowing 80% of digital orders to be delivered within one hour [6]

Core Insights - Walmart's Sam's Club will open a new store in Huangpu District, Guangzhou, expected to launch in 2028, marking the first Sam's Club in the eastern center of Guangzhou [1][4][2] Group 1: Store Details - The planned Sam's Club will have a construction area of approximately 21,500 square meters and is set to begin construction in early 2026 [4] - This store aims to enhance the commercial capabilities and optimize the consumption structure in Huangpu District and the eastern part of Guangzhou [2][6] Group 2: Market Impact - The entry of Sam's Club is expected to provide differentiated shopping options for families in Huangpu District, promoting a new ecosystem of high-quality consumer life [6] - The store will focus on "selected products, excellent experience, and high value," aligning with the brand's philosophy of "better living at Sam's" [6] Group 3: Regional Development - Huangpu District is actively enhancing its commercial landscape, aiming to build a multi-core consumption scene to support Guangzhou's goal of becoming an international consumption center [7][18] - Recent developments in Huangpu include various commercial projects and the establishment of a diverse commercial ecosystem, contributing to the area's retail sales growth [14][20] Group 4: Economic Growth - Guangzhou's retail sales have consistently increased, with a projected growth of 19.9% in 2024 compared to 2020, supported by new consumption formats and vibrant economic activities [20] - The city has introduced measures to promote the "first store economy," resulting in the establishment of numerous new commercial entities and a significant increase in market participants [21]

Core Insights - The opening of the largest Sam's Club in Beijing has generated significant attention in the real estate market, with a high volume of customer traffic on its first day [2][6][10] Group 1: Store Opening Details - The Changping Sam's Club officially opened on November 21, marking the fifth store in Beijing and the largest in the city, covering an area of approximately 22,500 square meters [2][5] - The store features a two-level shopping area, with the first floor dedicated to home goods and the second floor to food and dining [2] - On its opening day, the store experienced long queues, with wait times exceeding two hours during peak hours, and all 1,150 parking spaces were filled [2][6] Group 2: Expansion Strategy - With the opening of Changping Sam's Club, the total number of Sam's Clubs in China has increased to 61, with plans to open 10 new stores by the end of the year, setting a record for annual openings [5][10] - The company is adopting a "store + cloud warehouse" model, planning to establish 20 cloud warehouses in Changping, which significantly contributes to its online sales [6][10] Group 3: Market Impact - The opening has positively influenced the local real estate market, with nearby property developers actively promoting their projects to the influx of potential buyers drawn by the store [9][10] - Real estate agents reported that the presence of Sam's Club enhances the external amenities of nearby residential areas, making them more attractive to buyers [9][10] Group 4: Customer Engagement and Promotions - The store did not offer significant discounts on opening day, but some items were included in a promotional series with mild price reductions [6][8] - The high customer turnout attracted resellers, with reports of individuals purchasing limited items for resale at higher prices [9][10] Group 5: Performance and Challenges - Despite controversies surrounding its rapid expansion and product selection, Sam's Club continues to drive growth for Walmart China, with a reported net sales of $18.6 billion in the first three quarters of the fiscal year [13] - The company faces the challenge of balancing growth with maintaining product quality and customer experience amid ongoing scrutiny [12][13]