WAL-MART Plans To Add 100 New Stores In Guangdong In The Next 5 Years.

On August 16th, Chen Wenyuan, President and chief executive officer of WAL-MART China, and Ouyang, vice governor of Guangdong Province, recently exchanged views on further investment development in Guangdong, promoting the construction of the big bay area in Guangdong, Hongkong and Macau, increasing procurement of imported goods and creating business environment.

Chen Wenyuan said he will continue to increase investment and construction in Guangdong. In the next 5 years, WAL-MART plans to add 100 new stores in Guangdong, including Sam's member stores, shopping plaza, community stores and cloud storage.

It is reported that WAL-MART has entered the Chinese market since 1996, with first stores opened in Shenzhen, Guangdong as the starting point, and now there are more than 400 stores in the country.

Since the signing of the memorandum of strategic cooperation between WAL-MART and the Guangdong provincial government in 2017, WAL-MART has made progress in Guangdong's investment plan. WAL-MART's largest investment in China over the past 23 years, WAL-MART Southern China fresh distribution center, was officially opened in Dongguan in March.

Southern China fresh distribution center has invested more than 700 million yuan RMB, and currently serves over 100 stores in WAL-MART, with a daily processing capacity up to 16.5 boxes. WAL-MART's new format exploration -- WAL-MART community store first landed in Guangdong last year. This year, it launched the "WAL-MART home" mini program in Guangdong, providing customers with the fastest online delivery of 1 hours online, and speeding up the development of WAL-MART's digital channels.

In the future, WAL-MART will take an active part in the construction of the Tai Wan area, cooperate with the provincial government, promote the coordinated development of the 9 urban agglomerations through continuous investment increase, and help the international Bay area of Guangdong, Hongkong and Macau in the smart city construction, consumption upgrading and industry innovation.