Has Wal-Mart completely evacuated from China?

According to China News Network 20211654381October 23rd, the news that Shenzhen Honghu Wal-Mart was about to close down caused a heated discussion. As the first Wal-Mart supermarket in Chinese mainland, its closure made many consumers shout "I won't give up". Wal-Mart responded that the reason for closing the store was that the owner was about to upgrade the property as a whole. According to this expert, the closing of the store is not the so-called "evacuation from China", and it is normal for chain enterprises to adjust the distribution of stores according to their operating conditions. This is especially true in the context of the strategic transformation of the retail industry.