Walmart China Names Liu Peng President of Sam’s Club

On Oct. 27, Walmart China announced the appointment of Liu Peng, a former senior executive at Alibaba Group, as president of Sam’s Club China, effective immediately. Liu will report directly to Zhu Xiaojing, president and CEO of Walmart China.

Jane Ewing, acting president of Sam’s Club, will complete her expatriate assignment and acting duties as scheduled at the end of this year and return to Walmart International.

Walmart China said that the move represents another important step to increase investment in China and upgrade its business strategy.

Liu joins Sam’s Club China having held a series of leadership roles across retail, consumer goods and e-commerce. At Alibaba Group, he served as general manager of Tmall Global, president of Tmall Import and Export, vice president of Alibaba, and president of the B2C Retail Business Group. Prior to Alibaba, he held senior roles at companies including Haier Group and Suning Appliance.

In April 2024, he founded Fenzi Youling Biotechnology (分子有灵生物科技有限公司), a company positioned in the biotechnology sector with a focus on high-end health and beauty products.

According to the 2024 ranking of China’s top 100 supermarket chains, released by the China Chain Store & Franchise Association, Walmart China ranked first across four key metrics: sales scale, year-on-year sales growth, total store count and year-on-year store count growth. Based on its current growth trajectory, Walmart China expects to set new performance highs in 2025. Sam’s Club China currently operates nearly 60 stores in over 30 cities, with around five additional openings expected by the end of the year.

Image: Walmart China

This article was translated from Chinese. Read the original article.