Food and Staples Retailing
Company Overview of Wal-Mart (China) Investment Co., Ltd.
Wal-Mart (China) Investment Co., Ltd. operates retail stores in China. The company was founded in 1996 and is based in Shenzhen, China. Wal-Mart (China) Investment Co., Ltd. operates as a subsidiary of Wal-Mart Stores Inc.
2-5/F, Tower 2 and 1-12/F, Tower 3
69 Nonglin Road
Founded in 1996
Key Executives for Wal-Mart (China) Investment Co., Ltd.
Executive Vice President of Corporate Affairs and Government Relations
Vice President of Global Sourcing
Senior Director of Corporate Affairs
Compensation as of Fiscal Year 2014.
Wal-Mart (China) Investment Co., Ltd. Key Developments
Wal-Mart (China) Investment Co., Ltd. Announces First Shopping Center in Zhuhai City, Guangdong Province, South China
Sep 2 14
Wal-Mart (China) Investment Co., Ltd. declared that first shopping center will settle down in Zhuhai City, Guangdong Province, south China, covering construction area of ten hectares. The company announced that the Zhuhai shopping center will base on Sam's Club, expected to start operation in 2016 with a total investment of CNY 600 million, being the first shopping center in China independently built and operated by Wal-Mart. Currently, Wal-Mart is investigating into dozens of places in China, mostly situated in Guangdong Province, planning to open three to four more shopping centers locally.
Wal-Mart China Plans to Open 40 New Outlets in Guangdong in Future Three Years
Jun 25 14
Wal-Mart China announced that the company will focus on hypermarket and Sam's Club, hoping to open 40 new outlets in Guangdong in future three years, including 25 in Guangzhou and surrounding areas within three to five years. Five of them will be Sam's Club. First Wal-Mart hypermarket and Sam's Club are both situated in Guangdong. Currently, the company has more than 80 outlets in the province, including 20 in Guangzhou, being the province with the most Wal-Mart outlets. In addition, Wal-Mart also has two dry cargo delivery centers and two fresh delivery centers in Guangdong, delivering fresh fruits to more than 80 outlets locally per day.
Wal-Mart Asia Pte. Ltd. and Wal-Mart (China) Investment Co., Ltd. Announces Executive Changes, Effective June 1, 2014
Apr 25 14
Wal-Mart Stores Inc. announced top management changes in the company's Asia operations with the appointment of Greg Foran as president and chief executive officer (CEO) of Walmart Asia, replacing Scott Price who is moving to a senior management role in the company's international strategy team. Foran is currently president and chief executive of Walmart China. Sean Clarke, Walmart China's current chief operating officer will be taking over his role as the CEO. The changes are effective 1 June. In his previous role as president and chief executive of Asia, Scott made several visits to India and was instrumental in revamping the retailer's India business, including the company's recent decision to split with its local partner Bharti Retail Ltd. In his new role, Greg will be able to continue to guide China growth plan as well as provide support and direction for other Asia businesses.
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