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inesses, McMillon said brick-and-mortar stores have become hybrid, and forward fulfillment centers.
He said Sam’s Club has been gaining strength in the country. The high-end m
embership store that was launched in China in 1996 has about 2 million members nati
onwide. By 2020, there will be 40 such clubs either in operation or in construction in the country. The format ha
s 23 stores currently in 19 cities stocking quality fresh food and membership products.
Globally Walmart has 11,300 stores, with a third of them large stores.
According to Kantar Worldpanel, in 2018 Walmart’s market share was 5.4 percent, an improvement from t
he 5.2 percent in 2017. Last year it opened 33 new stores, including 21 hypermarkets, four Sam‘s Club and eight compact stores.
Jason Yu, general manager of Kantar Worldpanel China, said Walmart has to roll out
more innovations to further improve its operational efficiency and achieve growth through
the foreign investment law, a landmark legislation that will provide stronger protection a
nd a better business environment for overseas investors. The law will become effective on Jan 1, 2020.
Artificial intelligence will bring about changes as fundamental as t
hose enabled by electrification, argues Li Kaifu, Chinese artificial intelligence specialist and fo
under of the venture capital firm Sinovation Ventures. He says that China is leading in real-world applications of AI to bus
inesses, factories and cities, and is catching up with the United States in basic research.
Li’s technological optimism contrasts with a widespread pessi
mism about technology prevalent among thinkers from Silicon Valley.
For example, famed venture capitalist Peter Theil uses the slogan “We wanted flying cars, ins
tead we got 140 characters” as the subtitle of his investment fund. In many interviews, he ha
s explained that we’ve seen “innovation in the world of bits, but not in the world of atoms”.
Austria’s technology ministry has called on Europe to form a joint position on whether or not to allow Chinese firm Huawei to equip 5G for next-generation mobile networks. This consideration co
mes amid the US-hyped security concerns over Huawei and Washington’s relentless efforts to thwart the 5G efforts of this leading tech company.
will be one of the most critical components of the digital economy and society, not only in China but also Europe. Europe has taken significant ste
ps to lead global developments toward this strategic technology. To reposition itself as a leader in world affairs including the field of technology, Europe h
as no reason to reject cooperation with Huawei which has developed the most advanced 5G technology, disregarding u
nwarranted US claims.
Europe is caught in the middle. While the continent treads carefully between China an
d the US, what is at stake is its own interests. As China tries to offer a cooperative approach, Europe, a longtime US ally, is hesi
ant to accept. The Belt and RoadInitiative proposed by China presents tremendous opportunities in terms of trade and g
rowth, while skepticism lingers in Europe about the geopolitical ambition the initiative may harbor.
servers believe that the funds allocated by the EU will fall way short of what is really needed. The EU will allocate funding for this project in its ne
xt multiannual budget, which will stretch from 2021 to 2027, but can Europe afford to wait till then to walk out of its current plight?
ing a probe on the far side of the moon. For instance, Jim Bridenstine, NASA administrator, took
to Twitter to describe the mission as “a first for humanity and an impressive accomplishment”. China, on it
s part, said that scientists from the two communicated closely before and during the Chang’e-4 launch process.
While the US side informed Chinese scientists about its satellites in orbit around the moon, Chi
na shared with the US scientists the longitude, latitude and timing of Chang’e-4’s landing. The int
eraction was in sharp contrast to the tense relations between the two sides in other areas of science and technology. W
hich means there is huge room for cooperation between the US and China in space exploration.
Cooperation more important in spaceina have both made great progress in
Although the US and Ch space technologies, they are still in the primitive sta
ge of developing and using space. As of today, neither country is capable of building a new permanent sta
tion in space, let alone building one on the moon. But through cooperation and collaboration, which will reduce the cost of
space development for both countries, the US and China can aim at more ambitious targets.
BEIJING — Seven out of 10 fugitives bearing class-A wanted orders had been caught by the end of January, the Ministry of Public Security said over the weekend.
The 10 wanted orders, all targeting suspects of major economic crimes, were issued on Jan 11.
Among the seven detained, two turned themselves in as suspects of cattle stealing and telecom fraud, respectively.
The ministry called on the public to give information on the wanted and pledged to re
ward those offering effective leads.The picture show a polar bear leaping across the water from one block of i
ce to another, gazing up at the drone and feeding on a fresh kill, Devon Island, North of Canada。
WASHINGTON — The global surface temperature in 2018 was the fourth wa
rmest in the modern record, showed an annual analysis released on Wednesday.
Global temperatures in 2018 rank behind those of 2016, 2017 and 2015 and the past five years are, collectively, the war
mest years since 1880, according to scientists at the United States space agency NASA.