Business & Economy · 66 views
‘My boss is the Chinese customer’: Walmart China CEO Christina Zhu on how the Fortune 500 company is thriving in a tough retail market
Although many Western brands, including Starbucks and Lululemon, have struggled in China, Walmart has continued to deepen its footprint.
AI Summary
Walmart opened its first Chinese store in Shenzhen in 1996, five years before China joined the World Trade Organization. At that time the country lacked large‑scale hypermarkets, and shoppers typically rose early to buy fresh produce at local wet markets.
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