Walmart, IBM, Tsinghua University, and JD.com Team Up on Implementing Blockchain Technology

Retailers Wal-Mart Stores Inc. and JD.com Inc. and technology gurus IBM Corp. and Tsinghua University have kicked off a collaboration to track food information and enhance food safety in China using blockchain technology. The four have established the Blockchain Food Safety Alliance, which allows companies to share information that is then stored by blockchain —

Walmart Stores to Be Used as JD.com Warehouses in Major Chinese Cities

Chinese e-commerce giant Jingdong (JD) announced Tuesday [25 July 2017] an inventory pooling scheme with American retailer Wal-Mart. Wal-Mart stores will serve as warehouses for JD in Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, and Wuhan…Full Article: ECNS.cn July 2017 Key Point As a result of the inventory (warehouse) pooling scheme, purchases from JD.com could potentially be

Walmart Plans to Add 15 New Stores in Hubei Province over the Next 3 Years

Multinational retailing corporation Wal-Mart Stores Inc announced plans to open 15 new stores in Central China’s Hubei Province in the next three years, providing 6,000 jobs, domestic news portal china.com reported on Thursday [30 March 2017]…Full Article: ECNS.cn Mar 2017 Key Point Walmart currently has 30 stores in Hubei Province. ChinaAg Comments In March 2017,

Sam’s Club China Targets Wealthier Customers with its Products

In the United States, Walmart Stores’ members-only Sam’s Club warehouse chain offers a wide range of products from bulk groceries to patio furniture at discounted prices in cavernous, no-frills stores, where goods are stacked on metal shelves. Walmart is doing the same thing in China but with some pricey twists, including $3,200 rice cookers and