Thailand’s Zhengda and Red Bull family’s wealth has shrunk, and Wal-Mart has withdrawn from the five cities in four months.

Since 2019, Wal-Mart has closed six major stores in China, withdrawing from five cities - Qingdao, Haining, Lishui, Weifang and Zhenjiang. Wal-Mart withdrew from four cities in China in 2018: Wuhu, Tangshan, Shaoxing and Harbin.