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”.
edge technology, is of great importance to China in terms of safety, efficiency, services and the development of industries.
“China is paying great attention to the development of this technology. Our principle is
to encourage trials, allow failures, ensure safety and oppose monopolies,” he said.
Autonomous driving, although a new concept, has been embraced by many people. A survey re
leased in November 2017 by JD Power, a global marketing information services company based in the
United States, found that almost 80 percent of Chinese consumers welcomed autonomous driving, although they might hav
e concerns about the safety of the technology and the lack of related laws and regulations.
To root out people’s concerns and ensure better development, the Ministry of Transport c
reated China’s first regulations for road testing for autonomous vehicles in April, jointly with
the Ministry of Public Security and the Ministry of Industry and Information Technology, Li said.
In July, the Ministry of Transport released guidance on how to build safe closed test sites for autonomous driving.
If Europe’s leaders, diplomats and security professionals had a vote in the 2020 US presidential elections, it doesn’t see
m likely they’d give it to President Trump. At least, that’s how it seemed at the 2019 Munich Security Conference.
Hundreds of dignitaries crammed into tight corridors, moving between the modest meeting halls of Munich’s Bayerischer Hof Hotel.
The event has grown in recent years. As prime ministers and presidents rub shoulders wit
h CEO’s and policy wonks, conversations straddle global differences and attempt to shape the world order.
Biden says US should remain committed to its allies abroad
It is an odd, almost old-fashioned mix. It’s rare at global summits these days that repo
rters can mingle with the people they cover and even engage them in casual conversation.
NATO Secretary-General Jens Stoltenberg surprised me, praising my sturdy weather-beating boots and trou
sers. He laughed when I told him he was lucky inside. I was outside, the sun was blazing and, frankly, I was baking.
China is expected to generate 48.6 zettabytes (48.6 trillion gigabytes) of data in 2025, while the number for the US is forecast to be
30.6ZB, according to a study by the International Data Corporation (IDC) and data storage firm Seagate, a CNBC report said.
In addition, the global total amount of new data generated is set to grow from 33ZB in 2018 to 175ZB by
2025, with data collected from entertainment platforms, video surveillance footage, internet-co
nnected devices, productivity tools and metadata contributing to most of the growth, according to the report.
In the race for data, which, as IDC analysts put in their report, is
“at the heart of this digital world” and “a company’s most valuable intangible a
sset, which can create a competitive edge in digital transformation”, there is already a victory sign coming from China.
The country generated about 7.6ZB data last year, around 0.7ZB more than the US, the report said.
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.