HSBC Gain Hunter
Likes ReceivedThe consumer spending power in the US is terrifying.
Walmart, which operates physical supermarkets, had a pre-tax income of $33.48 billion for the year, surprisingly exceeding Tencent's pre-tax income of $31.1 billion.
It's worth noting that 80% of Walmart's revenue comes from its offline physical business, with a net profit margin of only about 3%.
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