Is Walmart owned by China?

Is Walmart owned by China?

Walmart runs many retail stores, hypermarkets/supercentres, department stores, and grocery stores across the U.S. and 23 other countries. As there are a total of 10,524 Walmart stores and clubs in different countries with 48 different names. According to the Fortune Global 500 list of 2020, Walmart is the largest company in terms of its revenue, i.e., US$548.743 billion. Read more Is Walmart owned by China?

The hyperactivity of Walmart in different countries makes people curious to search more about the company’s operations and decisions. And this article contains information about the company’s ownership. There are many speculations about Walmart being a Chinese company, but it is not. Please continue reading to know more.

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Who owns Walmart?

The Walton family owns and controls Walmart and its operations. Sam Walton founded it as Walmart Discount City in 1962, Bentonville, Arkansas. Thus, it is clear that Walmart is not owned by China or the Chinese.

The joined share of both Walton family businesses in Walmart, Inc. is 50% of Walmart shares. There are other shareholder companies of Walmart including Vanguard Group Inc holding 5% shares of Walmart.

Other shareholders of Walmart.

Walmart is a publicly-traded company, and it got listed on the New York Stock Exchange in 1972. Walton Enterprises LLC is a private company that has 35% of the total Walmart shares.

Many companies hold their shares in Walmart. America-based Vanguard Group Inc owns 5% shares of Walmart. Other investors of Walmart include State Street Global Advisors, Geode Capital Management LLC, and Blackrock fund advisors.

Other investors of Walmart excluding Walton Enterprises LLC and Walton Family Holdings Trust own less than 10% in shares of Walmart.

Production of Walmart items?

Approximately, 70-80% of Walmart products are supplied from China. About 7000 Chinese stores have partnered with Walmart to supply electronic gadgets, homeware items, clothing, and other items.

Other foods and meat requirements are fulfilled through U.S. stores.

Walmart in China

Walmart has opened its stores in China since 1996. There are stores like Sam’s Club, Walmart Hypermarket, and Walmart Supermarkets in Beijing and Shenzhen.

Walmart has 400 stores in China in its 180 cities. 95% of the products sold in the Chinese stores of Walmart are Chinese. 95% of product requirements are fulfilled locally (Chinese stores). China has 20 Walmart Distribution Centers.

Walmart stores in different countries

As already told above, Walmart has its store chains and clubs in 24 countries with 48 different names. Out of its 10,524 units, there are 4,740 stores in the U.S. and 5,185 stores internationally with 599 Sam’s Club U.S. some of its store names are Punto Myorista, Game Foodco-2, Nacional, Walmart Supercentre, Massmart, Flipcart, etc. Mexico has the maximum number of Walmart stores out of the U.S. that is 2,675 stores.

Walmart earns 65% of total Walmart revenue from its U.S. operations. Walmart employs 2.2 million individuals worldwide.

Subsidiaries of Walmart

We know about the companies owned by Walmart by their names, but there are many companies which we do not know are the subsidiaries of Walmart. Here is the list of subsidiaries of Walmart.

Vudu – Walmart bought it for $100 million in 2012.

Moosejaw – Walmart bought Moosejaw for $51 million, 2017.

Jet.com – Walmart bought the e-retailer in 2016 worth $ 3.3 billion.

Modcloth – Walmart paid an amount between $50-70 million to buy this online women’s fashion and accessories retailer.

Art.com – Walmart acquired it as an all-cash acquisition in early 2019.

Seiyuu Group – this Japanese group was acquired by Walmart to expand its network in Japan.

ELOQUII – they are a women’s plus-size apparel brand, and Walmart spent $100 million to acquire it.

Bare Necessities – Walmart bought the 20-year-old company and its runs as online lingerie e-commerce. The terms of this agreement have been withheld.

Flipkart – Walmart bought a 77% stake in the company in August 2018. Flipkart is India’s largest online outlet, and the Flipkart-Walmart agreement was valued at $16 billion.

Massmart– Walmart bought a 55% stake in the company in 2011. Massmart is the second-largest distributor of goods in Africa.

Bonobos – it was a $30 million deal between Walmart and Bonobos when Walmart bought bonobos in 2016.

Shoes.com– Jet.com, a subsidiary company of Walmart, acquired Shoes.com in 2016.

Aspectiva – this is one of the largest acquisitions of Walmart. Aspectiva is a product review startup.

Lider – Walmart bought 58.3 percent of Lider’s stake in 2009. Lider sells groceries, toys, electronic gadgets, etc. in Chile.

Amigo– Amigo a supermarket chain in the U.S. was acquired by Walmart in 2004.

Hayneedle – Walmart bought this Ohana-based online retailer to strengthen its position in the e-commerce industry.

Best Price Modern Wholesale – Bharti Enterprises and Walmart started this as their joint venture in 2006 as Walmart could not enter the Indian sector direct because of the government’s regulations. Both companies separated their ways in 2013.

CARCHO– Walmart bought a 51% stake in Central American Retail Holding Company (CARHCO) in 2005.

Sam’s Club

Sam’s club is a membership-only retail store under the ownership of Walmart Inc. opened in 183, Midwest City, Oklahoma. The name Sam’s Club is given because of its founder Sam Walton name. A total of 599 Sam’s clubs made 11.3% of the total revenue of Walmart in 2019.

Conclusion-

China doesn’t own Walmart, and the Walton family handles its operations along with its other shareholders. The probable reason for these speculations about Walmart being owned by China is that most of its products are supplied from China. But in the current scenario, any Chinese company does not have ownership in Walmart or its shares.

Frequently Asked Questions (FAQs)

Q.1: Are Costco and Walmart the same?

No, these are the two largest store chains in the U.S. Walmart and Costco are competitors of each other.

Q.2: Who is the CEO of Walmart?

Doug McMillion is the current CEO and President of Walmart.

Q.3: What is the revenue of Walmart?

The Fortune Global 500 list of 2020, Walmart’s revenue is US$548.743 billion, and it is the largest company in terms of revenues.

Q.4: Does Walmart sell Chinese products?

Most Walmart products are manufactured and supplied through China (almost 60-70%).

Q.5: What is the value of Walmart shares?

The Walmart stock is worth US$140.55 as of 16, October 2020.

Is Walmart owned by China?

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