July 30, 2014 9:37 AM ET

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Company Overview of Wal-Mart (China) Investment Co., Ltd.

Company Overview

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

SZITIC Square

69 Nonglin Road

Shenzhen,  518040

China

Founded in 1996

Phone:

86 75 5215 12288

Fax:

86 75 5215 11076

Key Executives for Wal-Mart (China) Investment Co., Ltd.

Chief Executive Officer
Executive Vice President of Corporate Affairs and Government Relations
Age: 60
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 Plans to Open 40 New Outlets in Guangdong in Future Three Years

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

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.

Wal-Mart (China) Investment Co., Ltd. Opens Stores in More Small China Cities

Wal-Mart (China) Investment Co., Ltd. opened stores in more small Chinese cities. It saw four stores in the market, spreading in Fuzhou, Fujian Province, Zhuhai, Guangdong Province, Puer, Yunan Province, and Huizhou, Guangdong Province, run into formal operation on September 26, 2013. The company disclosed that it planned to open new stores in province-level administrative regions including Shanghai, Hebei, Henan, Hubei, Hunan, Sichuan, Jiangxi, Shanxi, Guangdong, Guangxi, Fujian, Yunnan, and Liaoning over the coming three months and the increment was expected to hit about 30 ones this year. In the meantime, it would shut down and upgrade some stores.

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