Walmart partners with China's Meituan for 30-minute deliveries 'anytime, anywhere'

South China Morning Post12-17

US retail giant Walmart is teaming up with Chinese on-demand delivery giant Meituan, promising speedy door-to-door service on the mainland, four months after it sold its stake JD.com, winding down the...

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customer's] home in 30 minutes, anytime, anywhere\".\nDo you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge, our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team.\nZhu Jun, Walmart's chief merchandising officer in China, called the collaboration \"an effective supplement to Walmart's omnichannel operations\".\n\nPedestrians walk past a signage for Walmart at its branch store in Beijing on October 15, 2015. Photo: Reuters alt=Pedestrians walk past a signage for Walmart at its branch store in Beijing on October 15, 2015. Photo: Reuters>\nIn addition to providing delivery services, the goal of the partnership is to improve digital marketing and explore the business model of warehouse supermarkets, among others, Walmart said in a statement.\nThe announcement comes months after the US retail giant dumped its JD.com shares to focus on building up its improving China operations. Walmart said it would continue its \"commercial relationship\" with JD.\nAs of Tuesday, Walmart and the company's warehouse retailer Sam's Club still maintain listings on JD. They also have independent apps and mini-programs on WeChat, the super app from Tencent Holdings.\nWalmart said its online operations contributed to nearly half of its sales in China.\nIn 2016, when the world's largest retailer was struggling to adapt to the China market, the partnership with JD gave it a fresh start. As part of the agreement, JD.com took the ownership of the Yihaodian online marketplace from Walmart, while the American retailer acquired a 5 per cent stake in JD. Later that year, Walmart increased its holdings to 10.8 per cent.\nIn March this year, Walmart held 9.4 per cent of JD.com, making it the second largest shareholder after JD founder Richard Liu Qiangdong, with 11.2 per cent, according to a JD financial disclosure. Walmart raised roughly US$3.6 billion from the divestment, Bloomberg reported in August.\nChina's e-commerce landscape has shifted significantly during the eight-year partnership. Walmart built a mature online-to-offline system in the world's second-largest economy, while JD.com has been struggling with competition from established players, including long-time rival Alibaba Group Holding and newer market entrants such as PDD Holdings, owner of Pinduoduo and Temu. Alibaba owns the South China Morning Post.\nThis article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2024 South China Morning Post Publishers Ltd. All rights reserved. \nCopyright (c) 2024. South China Morning Post Publishers Ltd. 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