Walmart says its ecommerce sales in China have grown by nearly 50% in the past five years, a growth that is expected to continue in the coming years.
The company also reported the second-highest sales growth rate in its history.
The report said that its total U.S. ecommerce revenues grew by $3.4 billion to $8.6 billion last year.
It said ecommerce has grown more than 20% in China since 2010, driven in part by its acquisition of the Chinese ecommerce giant Alibaba.
The data comes as Walmart looks to expand its presence in China and its plans to build its own ecommerce store.
Walmart said last month it plans to open an ecommerce outlet in China’s largest city, Beijing.
The announcement came after a $4 billion deal was announced between Alibaba and Walmart.