Exchange Database

Wal-Mart to build community shopping center in China

Wal-Mart Stores Inc is building its first community shopping center in China in a move that the retailer hopes will give it more control over store layouts as the company grapples with high commercial rents in the world's second largest economy. The center, named The Zhuhai Mall, will be in the southern Chinese city of Zhuhai, Guangdong province. The estimated cost for the project is 600 million yuan ($97.7 million) and the area under construction will total 100,000 square meters. The complex, which will house at least one Sam's Club location, will be the first shopping mall built, developed and managed by Wal-Mart in China. It is expected to open for business in 2016, according to Walmart China. Walmart China, which comprises 400 retail units and more than 100,000 employees, began with the opening of two stores, a Walmart Supercenter and a Sam's Club, in Shenzhen in 1996. Sam's Club, founded in 1983, now has 10 outlets in eight Chinese cities, with online delivery service also available.
Outcomes: 
The US-based retailer announced that it was going to require 70 percent of its business in China to take part in an energy efficiency program by the end of 2017. As a result, the company forecasts significant potential savings over the next three years.
Government?: 
No
Type of Exchange: 
business
Partners: 
Wal-Mart Stores Inc
Sponsor(s): 
Wal-Mart Stores Inc
Participants (Types): 
Wal-Mart executives
Exchange Date: 
Wednesday, August 27, 2014
Continuing: 
No
Location: 
Zhuhai, Guangdong Province, China
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Polls show Americans and Chinese are becoming less trustful of each other’s country. The Commission assesses the problem and offers recommendations to foster greater U.S.-China collaboration and understanding.

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