inesses, McMillon said brick-and-mortar stores have become hybrid, and forward fulfillment centers.
He said Sam’s Club has been gaining strength in the country. The high-end m
embership store that was launched in China in 1996 has about 2 million members nati
onwide. By 2020, there will be 40 such clubs either in operation or in construction in the country. The format ha
s 23 stores currently in 19 cities stocking quality fresh food and membership products.
Globally Walmart has 11,300 stores, with a third of them large stores.
According to Kantar Worldpanel, in 2018 Walmart’s market share was 5.4 percent, an improvement from t
he 5.2 percent in 2017. Last year it opened 33 new stores, including 21 hypermarkets, four Sam‘s Club and eight compact stores.
Jason Yu, general manager of Kantar Worldpanel China, said Walmart has to roll out
more innovations to further improve its operational efficiency and achieve growth through
stepped up efforts in recent years to treat Taiwan compatriots equitably. Last year, the mainland released 31 measures related to ec
onomic and cultural exchanges and cooperation with Taiwan, offering the same opportunities as m
ainland residents enjoy in education, doing business and living on the mainland.
To date, 72 local authorities in 25 provinces, autonomous
regions and municipalities have formulated implementation measures, with many pub
lishing more details, including policy interpretations, public services and contacts, An said.
Over the past year, more than 2,000 enterprises from Taiwan on the mai
nland have benefited from a new favorable tax policy. More than 100 Taiwan companies ha
ve received special funds to support green, intelligent manufacturing and upgrades. A number of companies joined m
jor mainland projects including Beijing’s new airport and the Hong Kong-Zhuhai-Macao Bridge.
More young people in Taiwan have chosen to pursue their dreams on the mainland, with the number of students w
ho apply for university admission or who seek careers on the mainland showing steady growth, An said.