Walmart Gears Up For Chinese eCommerce Festival

The eCommerce arena can be tough for retailers to navigate. It seems like there's something new happening every day that forces it off course. One recent disrupter is multinational retail corporation Walmart.

With one of the larger online retail presences, Walmart is taking aim at a lucrative eCommerce market — China.

As PYMNTS reported earlier this week, China's online sales have recently seen a massive increase with in-country online shopping activities boosted by 33 percent. Given the tight race between it and Amazon, it's no wonder Walmart is focusing its efforts on one of the largest eCommerce-savvy regions in the world.

According to recent news reports, Walmart is partnering with — a Chinese eCommerce company headquartered in Beijing — to launch the first JD-Walmart 8.8 omnichannel shopping festival. This event, held August 8, 2017, will reduce prices across both and Walmart avenues and reward any consumers making purchases at more than one touch point. The purpose behind this partnership is to help jumpstart the companies' joint initiatives, including inventory integration, customer integration and store and platform integration.

With's delivery team reaching approximately 99 percent of the Chinese population, this move will likely help to boost Walmart's presence in the region.

Walmart China's eCommerce and technology senior vice president, Ben Hassing, commented on the partnership and how it will help move the needle for the U.S.-based retailer.

"Since forming our strategic partnership with in June of last year, we have continued to expand our omnichannel strategy to better serve customers and grow our business in China," said Hassing. "Our ability to tap into's advantages across logistics, big data, technology and customer service gives Walmart a huge advantage in reaching China's rapidly expanding consumer class."

Following this festival, and along with its increased stock share in and five storefronts, it may be safe to say that Walmart is leading the eCommerce charge in China.



Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border.

Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.

Click to comment