Does China own Walmart? (2023)


Many businesses are flourishing in developed countries at a rapid rate. Walmart took its start as a small store, and with time, it has expanded at a vast pace. It has been serving millions of customers. Since its origin was in Arkansas, it has sold multiple items like clothing, food, and electronics in many countries. It took its start in the American South at that time. Is it true that ownership of Walmart has changed? Has ownership of Walmart been shifted to China? We will explore questions like these.

Does China own Walmart?

USA TODAY has stated that Walmart’s ownership has been shifted to China. Don’t get worried. This is a piece of fake news. China does not own Walmart. Many people think so, but it entirely depends upon their perception and fake news circulating on social media platforms like Facebook. China does not own Walmart, nor has its ownership shifted to China at any time in its functioning. Although many Walmart stores are working in China, it might be why people developed this perception about Walmart. But it is not true. Walmart has a vast reach in China, and many suppliers in China are offering inventory to Walmart, yet China or any Chinese company does not own it. 

Who owns Walmart?

Walmart is headquartered in Rogers, Arkansas. Arkansas is one of the states of America.

Walton’s Family is the major shareholder in Walmart. They hold more than half of the share of the company. The rest of the shares are owned and distributed among other marketplaces. Sam Walton founded Walmart. Now his children carry more than half of the company’s ownership.

Does China own Sam’s Club?

Although China does not own Walmart, you will be curious about Sam’s Club. Sam’s Club is one of the subsidiaries of Walmart. Customers have to buy its membership. After that, they will be able to buy large quantities of items. They are also offered several discounts. But still, this subsidiary is not owned by China. It is still owned by the Walton family, with a major share and other marketplaces.

Here the top 10 owners of Walmart and their shares in the company are listed.

Top 10 Owners of Walmart Incorporation Stockholders;

These are the top ten owners of Walmart who own this company. We have split them into 10 top owners of the company. Let’s have a look at them.

  • The first group with significant shares in Walmart is The Vanguard Group, Inc. Thus, which owns 4.53% of the total shares.
  • We see BlackRock Fund Advisors in second place. BlackRock shares 2.32% in Walmart.
  • The third group having 2.21% of shares, is SSgA Funds Management, Incorporation.
  • Geode Capital Management LLC takes a share in the ownership of Walmart as 0.90%.
  • T. Rowe Price Associates, Inc. holds 0.88% of the total share. 
  • This group is ranked after Rowe. Norges Bank Investment Management holds a share of 0.75%.
  • Northern Trust Investments, Inc. is another owner of Walmart, having a share of 0.57% in the company.
  • State Farm Investment Management has been carrying a share of 0.48% in the ownership of Walmart.
  • Morgan Stanley Smith Barney LLC has the least share in the top ten ownership of Walmart, with a 0.43% share.
  • Charles Schwab Investment Management 0.40%

Mutual Fund Stakeholders 

Mutual funds owned by Walmart include the following.

  • Vanguard Total Stock Market Index has a 1.51% stake in Walmart.
  • Vanguard 500 Index Fund has a total stake of 1.19%.
  • Government Pension Fund – Global is another stakeholder with 0.73% of the total stake in Walmart.
  • SPDR S&P 500 ETF Trust holds a stake of up to 0.57%.
  • Fidelity 500 Index Fund holds a total stake of 0.56%.
  • iShares Core S&P 500 ETF has a stake of 0.47% in Walmart.
  • Vanguard Value Index Fund holds a stake of 0.44%.
  • Vanguard Institutional Index Fund carries a 0.39% stake.
  • Vanguard Dividend Appreciation Incorporation carries a stake of 0.33%.
  • Epoch Global Equity Fund is another stakeholder of Walmart, having a 0.31% stake.

Walmart and Chinese Suppliers – a controversial issue

One of the reasons behind the wrong perception that China owns Walmart is the large number of suppliers residing in China. About 70% to 80% of Walmart suppliers are located in China. They supply different inventory to Walmart stores located in the United States. This issue remains controversial for most Americans as they are worried about the quality of the material. Yet Walmart has stated that there is no compromise on the supply production. Chinese suppliers must take care of and follow all the policies related to qualifying products. They have to abide by the rules and regulations set by Walmart. Another factor is the number of stores in China. It has a positive relationship with China and operates 400 stores nationwide. 


China does not own Walmart or its subsidies. It is owned by the Walton family, who has a major share in the company. Other marketplace sharers own the rest.


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