US retail giant Walmart Inc will continue to grow its hypermarkets, Sam’s Club stores, and community-ba
sed smaller-sized supermarkets businesses in China with more advanced technologies, according to a top official.
Doug McMillon, president and CEO of Walmart, told China Daily during his visit to Shanghai on Thursday that China is still one of
the most important markets for the US retailer. Technology will be another major focus area for the com
pany in China as Walmart has always been a “people-led company that relies heavily on technology,” he said.
McMillon said Walmart has developed digital solutions to better u
nderstand customer behavior and spending patterns, which in turn has helped the ret
ailer to create new products and to solve old retail problems with modern technology.
Wern-Yuen Tan, president and CEO of Walmart China, said digital technology has hel
ped Walmart to reach out to more customers and improved the overall decisionmaking process.