Sam's Club established a new company in Hongqiao, Tianjin, with a registered capital of $3 million.

TianyanCha's business information shows that recently, Tianjin Hongqiao Sam's Supermarket Co., Ltd. was established, with Zheng Shuo-huai as the legal representative. The registered capital is 3 million US dollars, and the business scope includes food sales, food business management, food internet sales, retail of medicines, internet sales of publications, wholesale of publications, catering services, domestic trade agency, etc. Shareholder information shows that the company is wholly owned by Sam Investment Co., Ltd.