The stakes are high for Walmart, which is struggling to keep up in the highly competitive supermarket industry in China.
Though it pioneered the hypermarket format in China decades ago, market share has remained flat amid pressure from local players like e-commerce giant Alibaba Group Holding
Posts of screenshots showing no search results for the word “Xinjiang” on Sam's Club's app went viral Friday on Weibo, China's Twitter-like social media platform. Users claimed they had previously purchased items like Xinjiang apples and dates on the app and that the items had been destocked by Walmart.
This story is from the December 25, 2021 edition of Financial Express Mumbai.
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This story is from the December 25, 2021 edition of Financial Express Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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