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Indian authorities have found that Walmart’s Flipkart and Amazon.com colluded with Xiaomi and other companies to launch phones exclusively on their websites. Photo: Reuters

Xiaomi asks India to recall antitrust report over commercial secrets

Xiaomi says an investigation report on Flipkart contains sensitive business data on the smartphone firm that was not redacted, sources say.

Explainer | How 5 international brands are growing in China despite spending downturn

Gas pipeline near Houston erupts in a towering flame, forcing evacuations

Walmart sells JD.com stake for US$3.6 billion, ending relationship since 2016

The deal comes as a property crisis, market volatility and uncertain job prospects take a toll on consumption in mainland China.

Walmart’s share sale would mark the end of its partnership with JD.com that started in 2016. Photo: Reuters

Mindful China shoppers embrace members-only retailers like Walmart’s Sam’s Club

Some bulk retailers on the mainland have carved out niche roles among shoppers, including bargain hunters from across the border in Hong Kong.

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Delivered in an instant: India’s quick commerce apps shake up online shopping

There’s no minimum spend, prices are low and orders from apps like Blinkit and Swiggy’s Instamart arrive in a matter of minutes.

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How Walmart’s discreet heirs make and spend their billions

The billionaire Walmart heirs are collectively worth more than Elon Musk or Jeff Bezos – from Sam Walton to his children, and the late John’s wife and son

Rob, Alice and Jim Walton are all members of the enormously wealthy Walton family. Photo: Getty Images

Who is Walmart heiress Paige Laurie – and where is she now?

Rumour has it that billionaire Walmart heiress Paige Laurie has tied the knot again – she was spotted sporting a white minidress while in Paris with her fiancé Alexander Ersoff and parents last weekend

US should reform China tariffs to target tech transfers, panel hears

Make ‘knowledge-intensive sectors’ a focal point and remove import taxes that offer no strategic value and hit working Americans hard, economist says.

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Exclusive | ‘Retail crisis’ ahead? Megastore Sam’s Club to offer online shopping in Hong Kong

Supermarket chain will roll out an e-commerce service for Hongkongers soon, with free delivery available for purchases of 599 yuan, Post learns.

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Shoppers line up to check out items at a Sam’s Club in Qianhai, Shenzhen. The US retailer is planning to launch online shopping in Hong Kong, sources have said. Photo: Eugene Lee

Hongkongers hunt for roast chicken, other bargains at US warehouse store in Shenzhen

Residents catch cross-border buses and sign up for shopping spree tours to visit Sam’s Club outlet in Qianhai, buoyed by bargain prices and strong Hong Kong dollar.

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Hongkongers at a Sam’s Club outlet in Shenzhen stock up on goodies. Photo: Eugene Lee

Exclusive | Hong Kong, Greater Bay Area to fuel US$50 million decarbonisation fund

Twynam Funds Management, an asset-management company owned by one of the richest families in Australia, is looking for investment targets in Hong Kong for a new fund focused on cutting carbon emissions.

Opinion | Bangladesh garment worker protests make clear price of fast fashion

It’s time for introspection and change, from the global conglomerates, rich countries that are the consumer havens for fast fashion, and customers alike.

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Who is Sofia Vergara’s ‘hot’ 32-year-old son Manolo Gonzalez Vergara?

Manolo Gonzalez Vergara is the 32-year-old son of Sofia Vergara and her childhood sweetheart Joe Gonzalez – here’s what we know about the actor, cook and entrepreneur

Actress Sofia Vergara and her son Manolo Gonzalez Vergara at the People’s Choice Awards in 2017. Photo: FilmMagic

Fashion brands face higher costs as Bangladesh workers get almost 60% pay hike

Following a week of deadly clashes between garment workers and police over pay, the government announced a 56.25 per cent wage hike starting on December 1 – the first increase in five years.

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Workers at a garment factory in Dhamrai, near Dhaka. Photo: AP

Striking Bangladesh garment workers clash with police as factories reopen

Clashes broke out after thousands of workers attempted to prevent their colleagues from returning to their shifts. Workers say an increase in living costs has left them struggling to provide for their families, and are demanding a pay-rise.

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Canada probes Walmart and Hugo Boss over forced Uygur labour claims

In March, the UN said it was concerned about China’s treatment of its Muslim minority, including the use of forced labour against Uygurs. China denies the allegations.

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How Singapore-based, China-founded Shein is beating Amazon, Walmart in Africa

Shein has already caused such a stir that retailers are spooked and regulators are investigating if it has exploited import tax loopholes when sending parcels to shoppers.

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Photo: Reuters

Saudi Arabian oil giant Aramco’s profit falls nearly 40 per cent on lower prices

Aramco, which reported a nearly 40 per cent decline in second-quarter profit, attributed the decrease to lower crude oil prices and smaller refining and chemicals margins.

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90 life sentences for shooter who killed 23 at Texas Walmart

Patrick Crusius, 24, pleaded guilty and agreed to the life sentences to avoid the death penalty but still faces Texas state charges that could result in the death penalty.

The 10 richest women in the world of 2023, revealed

Forget Kim K and Rihanna – these are the richest women in 2023, from Jacqueline Mars’ M&M and Skittles empire and Alice Walton’s Walmart inheritance, to Rafaela Aponte-Diamant’s cruise line ventures

The world’s richest women in 2023 include Alice Walton, Julia Koch, Françoise Bettencourt Meyers and Mackenzie Scott. Photos: AP, @julia_margaret_flesher_koch/Instagram, Reuters

Shenzhen fair boosts hopes of strong post-pandemic recovery in e-commerce

Hundreds of e-commerce vendors and platforms including Alibaba Group Holding and Amazon flocked to a trade fair in Shenzhen in the hopes of connecting with producers and clients and stocking up for what they hope is a bout of robust post-Covid recovery in the global economy.

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More than 100,000 visitors are estimated to have attended the three-day China (Shenzhen) Cross-border E-commerce Fair. Photo: Iris Ouyang

‘Dangerous procrastination’: 24 of world’s largest firms slack on climate pledge

The latest Corporate Climate Responsibility Monitor report found that the 2030 climate targets of these firms were ‘mired by ambiguous commitments’.

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US firms in China will see ‘no light at the end of the tunnel’ in 2023

US-China Business Council vice-president Douglas Barry expects 2023 to be a very difficult year ahead for American firms looking to do business in China.

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Meet Lukas Walton, Walmart heir and one of the world’s richest millennials

Rather than diving into the world of Walmart, 36-year-old heir Lukas Walton instead founded Builders Vision to help fund environmentally sustainable businesses – but he’s still worth US$20 billion

Lukas Walton inherited a third of his father’s fortune and 4 per cent of Walmart, but he’s giving back in a big way. Photo: @ETFsStockPicker/ Twitter

‘I’m shaking’: Walmart worker shoots dead 6 people at Virginia store

Police in Chesapeake said the suspect was also killed in the attack at the store bustling with Thanksgiving holiday shoppers.

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Virginia police at the scene of a fatal shooting at a Walmart in Chesapeake on November 22. Photo: WAVY-TV 10 via AP

JD.com bets big on online grocery, lower-tier markets as economy sours

China’s e-commerce market in China is facing growing headwinds amid a souring economy and rigid Covid-19 restrictions.

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Stolen plane that pilot threatened to crash in Mississippi lands safely

Police said Cory Wayne Patterson did not have a pilot’s licence and was an employee of Tupelo Aviation. He faces charges of grand larceny and making terrorist threats.

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Walmart
Wal-Mart Stores was founded in 1962 by Sam Walton, and is headquartered in Bentonville, Arkansas. It is the world’s largest retailer, and is controlled by the Walton family. Its supermarkets are branded as Walmart.
Chairman / President
Doug McMillon
CEO / Managing Director
Doug McMillon
CFO / Finance Director
John David Rainey
Industry
Retail
Website
walmart.com
Headquarters address
702 S.W. 8th Street, Bentonville, AR 72716, USA
Stock Code
NYSE:WMT
Year founded
1962
last updated:
2 October, 2024
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