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MagazineHow Christina Zhu turned Sam’s Club into Walmart’s unlikely growth engine in China

Walmart China’s first native Chinese CEO is leaning on Sam’s Club, smaller portion sizes, and an ultrafast delivery network to drive growth in a strained consumer economy.

By Nicholas GordonOctober 5, 2026
Most Powerful Women Asia
Most Powerful Women Asia
By FortuneOctober 5, 2026
Beyond the boardroom: Asia’s 10 influential women to watch in 2026
MPW
Beyond the boardroom: Asia’s 10 influential women to watch in 2026
By Ashleigh NghiemOctober 5, 2026
Misha Laskin, chief executive officer of Reflection AI
AI
Nvidia-backed Reflection AI unveils its first open model, Beam. Could it be America’s best chance to compete with China?
By Emily ForliniOctober 5, 2026
Latest
Nvidia backs startup Reactor as buzz grows for world models  27 seconds ago
Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird and dozens more cars to pay back fraud victims3 hours ago
Most Powerful Women Asia4 hours ago
How Christina Zhu turned Sam’s Club into Walmart’s unlikely growth engine in China4 hours ago
t
Economy
MAGAnomics is starting to look uncomfortably like Bidenomics
By Nick LichtenbergOctober 5, 2026
Photo of Donald Trump
Politics
Taxpayers are still paying $1.6 million a week to keep 420 radio staffers out of work
By Joshua HongOctober 5, 2026
Amazon’s answer to data center backlash: $1 billion for community college and home energy upgrades
Big Tech
Amazon’s answer to data center backlash: $1 billion for community college and home energy upgrades
By Mia OsmonbekovOctober 5, 2026
OKX logo with trading chart in the background
Crypto
NYSE owner and crypto exchange OKX seek SEC clearance for tokenized U.S. stock trading
By Camila Grigera NaónOctober 5, 2026
Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird and dozens more cars to pay back fraud victims
Law
Texas businessman gets 13 years in federal prison as feds seize his Lamborghinis, Ferraris, Firebird and dozens more cars to pay back fraud victims
By Catherina GioinoOctober 5, 2026
It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’
AI
It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’
By Catherina GioinoOctober 5, 2026
U.S. shale executives have no idea when the oil market will go off a cliff
Energy
U.S. shale executives have no idea when the oil market will go off a cliff
By Jason MaOctober 5, 2026
The Hyperliquid Strategies team celebrates their NASDAQ listing at the NYSE.
Crypto
How Hyperliquid defied crypto’s DAT death spiral—and built a booming digital asset treasury
By Camila Grigera Naón and Jeff John RobertsOctober 5, 2026
Great Place to Work Rankings
Best Large Workplaces in Consulting and Professional Services
Best Large Workplaces in Consulting and Professional Services
By FortuneSeptember 30, 2026
Best Small and Medium Workplaces in Education & Training
Best Small and Medium Workplaces in Education & Training
By FortuneSeptember 30, 2026
Best Workplaces in Engineering
Best Workplaces in Engineering
By FortuneSeptember 30, 2026
Best Workplaces in Advertising and Marketing
Best Workplaces in Advertising and Marketing
By FortuneSeptember 30, 2026
Newsletters
MPW DailyBy Emma Hinchliffe
alt
Ruth Porat, Jane Fraser, and Hailey Bieber will join the Fortune Most Powerful Women Summit. Here’s what else to expect
Fortune CryptoBy Jeff John Roberts
alt
The AI industry ‘hates crypto people’—but they may need them all the same
Next to LeadBy Ruth Umoh
CEOs are threatening to take their jobs and their billions elsewhere. That leverage has limits
Fortune Workplace InnovationBy Kristin Stoller
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The job market is brutal. But nearly 1 in 3 workers still want to quit
Term SheetBy Beatrice Nolan
OpenAI’s safety firings raise awkward questions
Fortune TechBy Andrew Nusca
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A billion-dollar Meta project that isn’t a data center
Fortune Daily Episodes
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What Bankrupted Red Lobster | Fortune DailyOctober 4, 2026
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The Return of Uber’s Ousted Founder | Fortune DailySeptember 30, 2026
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The End of College? Inside a16z’s School for Tech Titans | Fortune DailySeptember 29, 2026
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The Careers AI Can’t Replace ft. Mike Rowe | Fortune DailySeptember 28, 2026
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When AI Becomes Management | Fortune DailySeptember 27, 2026
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Inside Chevron’s Massive Bet on AI & Energy | Fortune DailySeptember 23, 2026
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Effective Altruism Explained: Why the Pentagon Is Attacking AI 'Doomers' | Fortune DailySeptember 22, 2026
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When to Spend Everything ft. Bill Perkins | Fortune DailySeptember 21, 2026
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Why Viral Views Don’t Equal a Business (And What Does) | Fortune DailySeptember 20, 2026
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How Lucy Guo Became a Self-Made AI Billionaire | Fortune DailySeptember 16, 2026
AI
It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’
AI
It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’
By Catherina GioinoOctober 5, 2026
Sam Altman says the world should accept some ‘bad things’ happening with AI as the industry signs on to Trump’s voluntary safety pact
AI
Sam Altman says the world should accept some ‘bad things’ happening with AI as the industry signs on to Trump’s voluntary safety pact
By Marco Quiroz-GutierrezOctober 5, 2026
Misha Laskin, chief executive officer of Reflection AI
AI
Nvidia-backed Reflection AI unveils its first open model, Beam. Could it be America’s best chance to compete with China?
By Emily ForliniOctober 5, 2026
Amazon’s answer to data center backlash: $1 billion for community college and home energy upgrades
Big Tech
Amazon’s answer to data center backlash: $1 billion for community college and home energy upgrades
By Mia OsmonbekovOctober 5, 2026
Fortune 500: Titans and Disruptors of Industry
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Sam Altman: Safety Standards 'Not at a Place' to Push AI Capabilities Much FurtherSeptember 11, 2026
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Why GM's CEO Mary Barra is Still Bullish on Electric VehiclesSeptember 9, 2026
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Bill Ackman's takes on Mamdani, Trump and investing in the age of AIAugust 4, 2026
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FedEx CEO on How AI Can Fix a $1.8 Trillion Global Supply Chain ProblemJuly 14, 2026
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$4 Trillion Savings Gap: TIAA’s CEO on The Retirement Crisis June 16, 2026
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Qualcomm's AI takeover | Titans and DisruptorsMay 5, 2026
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Delta: Bankrupt to Billions | Titans and DisruptorsMarch 31, 2026
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The End of Work: Vinod Khosla's Bold AI Prediction | Titans and DisruptorsMarch 3, 2026
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Google’s AI boss made OpenAI issue code red. Now he wants to solve disease. | Titans and DisruptorsFebruary 10, 2026
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Pfizer CEO took on COVID. Now he wants to cure cancer | Titans and DisruptorsJanuary 27, 2026
Success
Concerned young woman holding credit card while using laptop
Success
Despite being decades away from retirement, Gen Z is the most worried that AI will derail their financial future—51% fear it will cut their nest egg
By Preston ForeOctober 5, 2026
Young woman in job interview
Success
Workers feared AI would kill jobs. Instead, it could boost their paychecks: 72% of employers say they’ll pay more for AI skills
By Emma BurleighOctober 5, 2026
Best Teeth Whitening Strips (2026): Brighten Your Smile
Success
Best Teeth Whitening Strips (2026): Brighten Your Smile
By Emily PharesOctober 5, 2026
After dropping out in 8th grade to pursue esports, this Fortnite player takes a page from MrBeast while helping others offset high cost of pro gaming
Success
After dropping out in 8th grade to pursue esports, this Fortnite player takes a page from MrBeast while helping others offset high cost of pro gaming
By James Pollard and The Associated PressOctober 4, 2026
Term Sheet Podcast
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This Billion-Dollar Soda Brand Founder Explains Why Fortune 500s Can’t Win Gen ZSeptember 23, 2026
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Inside Wonder's Plan to Automate Restaurants: From Robotic Kitchens to Drone Delivery | Term SheetAugust 25, 2026
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This Mentalist Says He’s Training ChatGPT to Hypnotize People | Term SheetAugust 13, 2026
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The $11.5B Startup 100 Investors Turned Down | Term SheetJuly 28, 2026
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How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 23, 2026
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The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 10, 2026
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The $2B AI tool automating Wall Street | Term SheetMay 27, 2026
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This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
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From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
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How to raise a CEO: The "Godmother of Silicon Valley" Esther Wojcicki | Term SheetApril 21, 2026
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The Startup Fighting to Save the American Farm with Modern Finance | Term SheetApril 7, 2026
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How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 17, 2026
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Why revenue is an outdated metric | Term SheetFebruary 18, 2026
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Chemistry cofounder: “more talented founders than ever” are moving into health care | Term SheetFebruary 3, 2026
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Exelon CEO on if our utilities can handle the AI boom | Term SheetJanuary 21, 2026
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OpenAI Researcher turned VC on what we’re missing on the AI Bubble January 13, 2026
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“Healthcare isn't working for anybody,” says Cityblock Health’s Dr. Toyin Ajayi | Term SheetNovember 4, 2025
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Vet care for the 21st century with Modern Animal’s Steven EidelmanOctober 29, 2025
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“Success disasters,” data privacy, and unlocking growth with Oura CEO Tom HaleOctober 21, 2025
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"Bubbles have almost always preceded some important technological shift”: OpenAI's COOOctober 6, 2025
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The Sociology of Startup Success with VC Powerhouse Hans TungOctober 1, 2025
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The “Egoless” Company Culture that Powers Supabase with CEO Paul CopplestoneSeptember 24, 2025
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Inside Phia's $8 Million Seed RoundSeptember 16, 2025
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Klarna CEO Sebastian Siemiatowski on the IPO, Loving Walmart, and Embracing AISeptember 10, 2025
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The Brave New World of AI Cyber Crime with Evan Reiser from Abnormal AIAugust 27, 2025
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Vibe Coding, Tech Jobs, & Democratizing the Web with Vercel’s Guillermo Rauch | Fortune Term SheetAugust 20, 2025
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Nvidia + AMD’s Deal & Unfiltered Chat with OG VC, Canvas Prime’s Rebecca LynnAugust 13, 2025
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OpenAI Raises More Capital, Joby Aviation’s Air Taxi Play & The Power of Community in TechAugust 6, 2025
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Figma IPO: What Investors Need to Know, and Understanding Defense TechJuly 30, 2025
From the Magazine
MagazinePalo Alto Networks’ Nikesh Arora is building a defense against the dark side of AI

Cybersecurity’s AI reckoning has arrived, and Arora has become a go-to advisor to CEOs.

By Allie GarfinkleSeptember 30, 2026
In the high-stakes game of chicken between CEOs and states, who blinks first?
Magazine
In the high-stakes game of chicken between CEOs and states, who blinks first?
By Ruth UmohSeptember 30, 2026
Your 401(k) is funding the AI boom. Here’s what that means for your retirement
Magazine
Your 401(k) is funding the AI boom. Here’s what that means for your retirement
By Allie GarfinkleSeptember 28, 2026
The making of Tim Cook: How Apple’s departing CEO went from ‘the genius behind Steve Jobs’ to a star in his own right
Magazine
The making of Tim Cook: How Apple’s departing CEO went from ‘the genius behind Steve Jobs’ to a star in his own right
By Indrani SenSeptember 27, 2026
How social media remade the luxury watch market
Magazine
How social media remade the luxury watch market
By Adam EraceSeptember 26, 2026
Energy
U.S. shale executives have no idea when the oil market will go off a cliff
Energy
U.S. shale executives have no idea when the oil market will go off a cliff
By Jason MaOctober 5, 2026
‘Did they achieve their goal? Partially’: Putin admits weakness as Ukraine claims 51% hit to Russia’s oil refining capacity
Energy
‘Did they achieve their goal? Partially’: Putin admits weakness as Ukraine claims 51% hit to Russia’s oil refining capacity
By The Associated PressOctober 5, 2026
josh
Commentary
NVIDIA Head of Sustainability: how to accelerate America’s nuclear energy renaissance 
By Josh ParkerOctober 5, 2026
Current price of oil as of Oct. 5, 2026
Personal Finance
Current price of oil as of October 5, 2026
By Joseph HostetlerOctober 5, 2026
Fortune Rankings
Change the World
Change the World
By FortuneSeptember 23, 2026
Fortune 500 Europe logo
Fortune 500 Europe
By FortuneSeptember 16, 2026
Fortune Global 500 Ranking
Fortune Global 500
By FortuneJuly 28, 2026
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Leadership
Photo of Franklin D. Roosevelt
Economy
Should we phase out Social Security? 2 economists debated it for an hour in front of me—then agreed the wealthy have to pay up
By Nick LichtenbergOctober 5, 2026
It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’
AI
It’s ‘more likely than not’ humanity loses control: Former AI insiders testify safety fixes may be ‘duct tape that will fall off later’
By Catherina GioinoOctober 5, 2026
Concerned young woman holding credit card while using laptop
Success
Despite being decades away from retirement, Gen Z is the most worried that AI will derail their financial future—51% fear it will cut their nest egg
By Preston ForeOctober 5, 2026
Young woman in job interview
Success
Workers feared AI would kill jobs. Instead, it could boost their paychecks: 72% of employers say they’ll pay more for AI skills
By Emma BurleighOctober 5, 2026
Takeaways from the Fortune AIQ 75
Illustration featuring several employees at work, connected by a green arrow.
AIFrom Pfizer to UPS, the newest members of the AIQ 75 share the secrets to upping their AI game

How Pfizer, Lumen, Cisco, UPS, Palo Alto Networks, and Thermo Fisher are moving AI beyond pilots—using it to reshape drug discovery, networks, logistics, cybersecurity, and daily work.

By John KellSeptember 29, 2026
Illustration of three employees racing one another across the finish line
AI
How bottom-line-focused financial firms are finding ROI in AI
By John KellSeptember 29, 2026
How 111-year-old HVAC company Carrier leaped to the top 10 of the Fortune AIQ 75
AI
How 111-year-old HVAC company Carrier leaped to the top 10 of the Fortune AIQ 75
By Sage LazzaroSeptember 29, 2026
How Netflix is using AI to personalize streaming
AI
How Netflix is using AI to personalize streaming
By Sage LazzaroSeptember 29, 2026
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
AI
Agentic AI early adopters have failed, pivoted, and learned these 3 lessons 
By Sage LazzaroSeptember 29, 2026
Features
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
AI
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
By Fortune EditorsSeptember 15, 2026
Thumbnail image for Fortune Titans and Disruptors of Industry podcast reads, "Losing Control of AI?" and depicts Fortune Editor-in-Chief Alyson Shontell and OpenAI CEO Sam Altman in conversation on a podcast.
AI
Exclusive: Sam Altman addresses AI doomsday fears in new interview
By Alyson ShontellSeptember 12, 2026
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
AI
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
By Alexei OreskovicSeptember 12, 2026
Apple unveils $2,000 iPhone Duo, its first foldable smartphone
Big Tech
Apple unveils $2,000 iPhone Duo, its first foldable smartphone
By Sebastian HerreraSeptember 9, 2026
Real Estate
People demonstrate to demand stronger laws to protect renters in Madrid, Spain.
Real Estate
Spain’s lefty government evicted an 87-year-old woman from her home of 70 years and thousands of protesters took the streets
By Joseph Wilson, Alicia Leon and The Associated PressOctober 5, 2026
Federal Reserve Chair Kevin Warsh speaks during a news conference following Federal Open Market Committee meetings at Federal Reserve Headquarters on September 16, 2026 in Washington, DC.
Economy
Kevin Warsh’s Fed has a rent problem: Higher rates could fuel a ‘doom loop’ in housing, top economist warns
By Eleanor PringleOctober 5, 2026
Current refi mortgage rates report for Oct. 5, 2026
Personal Finance
Current refi mortgage rates report for Oct. 5, 2026
By Glen Luke FlanaganOctober 5, 2026
Current ARM mortgage rates report for Oct. 5, 2026
Personal Finance
Current ARM mortgage rates report for Oct. 5, 2026
By Glen Luke FlanaganOctober 5, 2026
Commentary
NvidiaBy Josh Parker
NVIDIA Head of Sustainability: how to accelerate America’s nuclear energy renaissance 
conferencesBy Gary Shapiro
Gary Shapiro: why trade shows matter and how to get them right
ElectionsBy Richard A. Gephardt, Timothy E. Wirth, Leon Panetta, Theodore Roosevelt V, Reid J. Ribble, Stephanie A. Grisham and Miles Taylor
‘A Republic, if you can keep it’: We served presidents from both parties and have never been so concerned about election security
regulationBy William R. Gruver
FDR’s lesson for AI regulation
government debtBy Robert Ordway
America’s budget, the bond market and the national debt at 250: Gradually, then suddenly
HiringBy Paddy Lambros
I place the world’s top software engineers and interviewed over 10,000 job seekers. The difference on paper and in person is wider than ever
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