The article analyzes the functioning of Walmart in China not as a simple chain of stores, but as a laboratory of late capitalism. The key concept is realization work – the process of transforming goods into realized capital through physical and digital distribution. The author points to the evolution of the business model: from the American format of big-box stores to integration with Chinese e-commerce platforms such as Meituan. The text emphasizes that in a modern economy, retail ceases to be just a point of sale and becomes an element of a broader logistical and digital infrastructure. Walmart in China was thus reformatted by local conditions, where success depends on the ability to embed the store within an ecosystem of apps and measurable workflows.
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