Has Sam's China Sales Reached Over 100 Billion? The Official Response Sparks Heated Debate, with Annual Revenue per Store Exceeding 2.9 Billion Yuan

 On January 3, 2025, news spread in the retail industry that Sam's China's omnichannel sales in 2024 had broken through the 100-billion-yuan mark, attracting widespread attention. According to reports, some market insiders revealed that Sam's China's sales last year reached 100.5 billion yuan, with the online share exceeding 48%. In response, Sam's official statement said that it has never released such data and will not respond to market rumors. Although the specific figures are in doubt, it is an undeniable fact that Sam's business in China is growing strongly.

Doug McMillon, the CEO of Walmart, disclosed in December last year that the annual revenue of some Sam's stores in China had exceeded 400 million US dollars (about 2.9 billion yuan), demonstrating its success in China. As of now, Sam's has opened 52 stores in China, covering 27 cities. In 2024, six new stores were opened, the same as in 2022, setting a new historical high.

BYD of China Outperforms Tesla, Ranking First in Global Pure Electric Vehicle Sales in Q4

In the fourth quarter of 2024, BYD, a Chinese electric vehicle giant, surpassed Tesla with pure electric vehicle sales of 595,400 units, becoming the world's largest pure electric vehicle manufacturer. BYD's sales volume was over 20% higher than that of Tesla. Tesla delivered 495,600 units during the same period. For the whole year, BYD's pure electric vehicle sales reached 1.765 million units, second only to Tesla's 1.789 million units.

Is the iPhone Facing a Cold Winter? The Sales of Foreign Brand Mobile Phones in China Have Declined for Four Consecutive Months, Plunging 47.4% in November

The latest data from the China Academy of Information and Communications Technology (CAICT) shows that in November 2024, the shipments of foreign brand smartphones in the Chinese market, including the iPhone, dropped significantly by 47.4% year-on-year to 3.04 million units. This is the fourth consecutive month of decline. The decline rate in October was 44.25%, and the decline rate further expanded in Nove