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‘My boss is the Chinese customer’: Walmart China CEO Christina Zhu on how the Fortune 500 company is thriving in a tough retail market
When U.S. supercenter chain Walmart opened its first Chinese outlet in Shenzhen in 1996—five years before China joined the World Trade Organization—the retail landscape in the country looked vastly different.
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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