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inesses, McMillon said brick-and-mortar stores have become hybrid, and forward fulfillment centers.
He said Sam’s Club has been gaining strength in the country. The high-end m
embership store that was launched in China in 1996 has about 2 million members nati
onwide. By 2020, there will be 40 such clubs either in operation or in construction in the country. The format ha
s 23 stores currently in 19 cities stocking quality fresh food and membership products.
Globally Walmart has 11,300 stores, with a third of them large stores.
According to Kantar Worldpanel, in 2018 Walmart’s market share was 5.4 percent, an improvement from t
he 5.2 percent in 2017. Last year it opened 33 new stores, including 21 hypermarkets, four Sam‘s Club and eight compact stores.
Jason Yu, general manager of Kantar Worldpanel China, said Walmart has to roll out
more innovations to further improve its operational efficiency and achieve growth through
nges from 1,500 to 2,000 yuan, accounting for 15 to 20 percent of the total according to the report.
JD refuted the mass layoff rumor and said more than 10,000 positions are expe
cted to be added as JD Logistics provides services to more industry customers.
Facing tougher competition from rivals such as Alibaba and Pinduoduo, JD is eyei
ng opportunities in the consumer market, which has shown great potential, Sina Finance reported.
Driven by rapid growth of e-comm
The annual survey Amazing China — the Most Attractive Chinese Cities for Expats 2018 unveiled its results at the Shenzhen foru
m of the Conference on International Exchange of Professionals on April 14 in Shenzhen, South China’s Guangdong province.
Zhang Jianguo, Vice Minister of the Ministry of Science and Technology, announced the results.
erce consumption, China’s express delivery volume reached 50.71 billio
n in 2018, an increase of 26.6 percent over the same period last year, the report said.
Gujarat in late 2001, the state was wracked with violence in which more than 1,000 people — mostly Muslims — were killed.
Although his critics say Modi didn’t do enough to stop the violence, he has always denied any involvement and has never be
en charged with a crime. A supreme court ordered investigation in India cleared him of any blame or wrongdoing.
Now after five years at the helm, he is struggling to retain the support that
saw his spectacular rise in 2014 — in contrast to his Pakistani counterpart. Imran Kh
an, the former cricket star, has been in power in neighboring Pakistan for little over half a year.
”They’re at very different points in their political trajectory,” says Madiha Afzal, a visiting fellow in the Foreign Po
licy and Global Economy and Development program at the Brookings Institution.
”At this point it does appear that Khan has a bit of a cooler head right now,” she said, referring to a speech Wedn
esday in which Khan appeared conciliatory and welcoming of talks, before acknowledging that the cir
cumstances that brought about this latest cross-border crisis led to the deaths of 40 Indian paramilitary soldiers ear
lier this month in a suicide car bomb attack in Pulwama — part of India-controlled Kashmir.