Dong Minglun Said WAL-MART Should Increase Investment In Technology And Talent.

At its twenty-second annual investor conference, WAL-MART announced its future strategic plan and development plan and increased investment in talent and technology.

Dong Minglun, President and chief executive officer of WAL-MART global, said that WAL-MART is one of the two most important markets in the world, one is the United States and the other is China Doug McMillon.

In the future, WAL-MART will continue to open more physical stores in China, increase e-commerce development, take into account the coordinated development between entities and e-commerce providers, and provide customers with full channel shopping services.

In July 2015, WAL-MART wholly owned 1 shop.

Dong Minglun said that he is very much looking forward to the future development of shop No. 1.

In the future, shop No. 1 has the opportunity to further expand the market coverage, enrich the types of goods, and look forward to combining the physical store and e-commerce business better to provide seamless shopping experience for customers.

"Since WAL-MART entered the Chinese market in 1996, there are 420 stores in China, and recently it has wholly owned the 1 shop of e-commerce company. I think WAL-MART is in the moment of full development opportunities in the Chinese market.

We communicated with colleagues in Shanghai and 1 stores two days ago to explore how to effectively integrate WAL-MART stores and Sam's member stores' resources together to further promote the further development of e-commerce business.

Last week, we held in New York.

The investor conference announced that WAL-MART's two important markets in the world are China and the United States.

Dong Minglun said.

WAL-MART announced WAL-MART's several major investment plans.

In the next two years, we will invest $2 billion 700 million in talent, which is an additional investment on the basis of regular investment.

In addition to investing in talent, WAL-MART will also invest in e-commerce development around the world.

Dong Minglun said: "the main investment focus we are focusing on now is talent and e-commerce.

We must make timely adjustments and changes so as to ensure that we can continue to succeed in the long term, such as the next 50 years.

We need to use our supply chain resources in different ways.

In terms of ability, we also need to do data analysis in a new way.

Dong Minglun further revealed that customers are generally concerned about the value of goods. In China, customers are especially concerned about commodity quality, food safety and whether they are genuine products.

Commodity prices are very important, but the price advantage is not enough. We need high quality goods and good services.

Speaking of localization services, Dong Minglun (Doug McMillon) said: "WAL-MART has opened stores in many provinces and cities in China, and we have opened many stores in the United States.

The development of retailers can not be confined to a certain area. When we develop in different places, we will adjust the goods offered by stores according to the preferences and habits of local customers.

Food is a very obvious example. The eating habits in northern and southern China are quite different. I have observed this characteristic, and our purchase will also adjust the commodities category of our country according to these characteristics.

Dong Minglun (Doug McMillon) said frankly, now customers have provided new opportunities for the development of information technology.

WAL-MART knows that customers not only want to save money while shopping, but also want to save time, so WAL-MART hopes to become the first large retailer to provide seamless shopping experience.

The customers may think more clearly about whether they want to deliver the goods, or pick up the goods at the store, or go there in person.

Shopping.

For different shopping ways, customers may not have to be aware of the difference in the future.

Wal-Mart Store Inc hopes to boost sales growth by strengthening the development of us business and e-commerce. This announcement is part of the overall package, which aims to enhance store shopping experience, give full play to WAL-MART's unique supply chain advantages, reduce costs, and deepen customer contact in digital business.