编辑 | 格蕾丝 12月10日，有记者就"英国政府宣布对两家中国公司实施制裁，声称相关公司对英国及其盟友发动网络 攻击，称其行为与中国政府相关"提问，外交部发言人郭嘉昆表示，中方坚决反对并依法打击黑客活 动，同时坚决反对出于政治目的散布虚假信息。中方对英方借网络安全问题搞政治操弄的做法表示强烈 不满、坚决反对，并已经在北京和伦敦向英方提出严正交涉。 国家统计局12月10日发布最新居民消费价格指数（CPI）和工业生产者出厂价格指数（PPI）数据。随着 扩内需政策持续落地见效，居民消费持续恢复，11月份CPI同比上涨0.7%，为2024年3月份以来最高。 受国内部分行业供需结构优化、国际大宗商品价格传导等因素影响，PPI环比上涨0.1%，同比下降 2.2%。国家统计局城市司首席统计师董莉分析，11月CPI同比上涨0.7%，涨幅比上月扩大0.5个百分点， 同比涨幅扩大主要是食品价格由降转涨拉动。 12月10日，根据财政部公开信息，财政部将在12日发行两期总计7500亿元特别国债，这笔资金将用于偿 还旧债。此次发行过程不涉及社会投资者，个人投资者不能购买，也不增加财政赤字。 铁路固定投资今年有望在去年创纪录的基础上再 ...

Core Insights - The newly opened Sam's Club in Changping, Beijing, is the largest Sam's Club in the city, attracting significant customer traffic on its opening day [1][4] - The store did not offer special promotions on its opening day, with only a few items included in a recommended series at mild discounts, while most items remained at regular prices [1] - The store's opening attracted a large number of resellers, with reports of individuals purchasing limited items for resale at higher prices [8] Customer Engagement - On the opening day, customers experienced long wait times, with reports of queues lasting up to 2 hours, and even at 8 PM, people were still waiting to enter the store [4] - Social media activity indicated a strong interest in the store, with many users sharing their experiences and comments about the event [4] Product Offering - The Changping store introduced Beijing's first Sam's Jewelry Center, marking a shift from previous collaborations with other jewelry brands to a self-operated jewelry business model [8] - The store featured limited purchase items, such as a Christmas decoration priced at 199.9 yuan, which was being resold at 206-260 yuan by resellers [8] Expansion Plans - Sam's Club plans to increase its presence in China, with expectations to reach a total of 63 stores by the end of this year and an additional 10 stores by 2025 [8] - Despite facing public scrutiny over product selection and service quality, Sam's Club continues to show strong performance, becoming a key growth driver for Walmart in China [9]

Core Viewpoint - The article discusses the challenges faced by Sam's Club in China, particularly regarding its delivery system and market expansion strategy, amidst increasing competition and customer dissatisfaction with product selection [6][10][20]. Group 1: Delivery and Safety Concerns - Recent reports highlight safety issues with Sam's delivery personnel, who are seen overloading electric vehicles with goods, raising public safety concerns [6][10]. - In response to these issues, Sam's has announced measures to improve delivery safety by using three-wheeled or four-wheeled vehicles in certain areas, with plans to expand this initiative nationwide [6][8]. - The current delivery methods include "Express Delivery" (within 1 hour), "Citywide Delivery" (next-day delivery), and "Global Purchase," with partnerships including SF Express and Dada [8][9]. Group 2: Market Expansion Strategy - Sam's Club is shifting its strategy from targeting affluent suburban customers to expanding into urban centers and lower-tier cities, indicating a significant change in its market approach [6][16]. - The company plans to open 8 to 10 new stores annually starting in 2025, although this has not been officially confirmed [16]. - The rapid expansion has led to operational challenges, including issues with product selection that have sparked customer dissatisfaction, particularly with the introduction of more common brands [14][18]. Group 3: Competitive Landscape - Sam's Club is facing intensified competition from major players like Meituan, Alibaba, and JD, which have opened numerous discount stores in key regions [20]. - Despite the challenges, Sam's maintains a competitive edge in product selection and private label development, but must navigate increasing pressure from competitors [21]. - Analysts suggest that while Sam's may have a five-year window of opportunity, it must adapt its service capabilities to keep pace with its expansion efforts to maintain customer trust [21].

Core Insights - The rapid growth of Sam's Club's instant retail business has led to concerns about delivery riders facing overloading issues rather than speeding [1][4] - Sam's Club has opened four new "cloud warehouses" across various cities, enhancing its "one-hour express delivery" service [2][3] - The increase in cloud warehouses has raised questions about the safety and rationality of Sam's delivery methods due to reports of overloaded delivery vehicles [4][6] Group 1: Business Expansion - Sam's Club has been expanding its cloud warehouse network, with at least seven new warehouses added in the past month, bringing the total close to 500 [3][30] - The "express delivery" service is not self-operated but contracted to third-party platforms, which has implications for rider compensation and workload [11][12] - The cloud warehouse model allows Sam's Club to test market demand before opening new physical stores, with a strategy of "warehouse first, store later" [26][31] Group 2: Delivery Challenges - Delivery riders are incentivized to take on more orders to increase their income, leading to a culture of overloading vehicles with heavy goods [5][18] - The average weight limit for deliveries is set at 30 kilograms, but riders often exceed this limit due to operational loopholes [16][20] - Riders report that their income has not significantly increased despite higher order volumes, leading to dissatisfaction and potential safety risks [19][20][35] Group 3: Financial Performance - Walmart China reported a net sales figure of $12.365 billion for the first half of the 2026 fiscal year, with a year-on-year increase of $2.482 billion [34] - The second quarter saw net sales of $5.786 billion, reflecting a growth rate of 30.8%, with online sales growing at a rate of 39% [34][32] - The success of the cloud warehouse and express delivery model in China is being studied for application in other global markets [33]