Hongkongers bargain-hunt at Shenzhen Sam’s Club 

"You feel happy about spending money here" is a great quote. Honest and relatable.

For more on this: sc.mp/tzdh

FYI, for those curious: The reason why Sam's Club and Costco prices are generally cheap and similarly priced across all stores globally is because of their profit model. They average the cost of all goods globally (with only slight variations in pricing locally), even if the combined total cost of goods and overhead are above their sale price (ergo, taking a net loss per sale), they are find with it because the majority of their profit actually comes from the membership itself, not the sale of goods. Of course, profit from sales of goods is better. They currently have 123 million members worldwide. At around $40 bucks a member (minimum, some have more expensive memberships), that's about 5 billion USD of pure profit without even doing anything.

Remember when Hongkongese refer mainlanders locusts when they went to hongkong and did massive shopping, I guess the time has changed.

if i could ONLY spend $150- at sam's or costco, I'd be so happy 😂

Many elderly uncle & aunties so exitedly happy for the weekend shoppers trip. Spending money so fun.

$32 for a chicken is crazy

This is quite intresting sales model, a trip agency charged $68 each which include a $18.5 Sams Club membership , aconmodation and travel . It seems they were losing money on this, but it is really smart. First, nobody can buy bulk at Sams Club without his/her own car, so even if the first tour the agency lose $18.5 on the revenue, they would exepct the group to utilized their service as a subscription.

How do everyone at the same time bring back all of their purchases if they came in buses?

Sam's Club is OK but wait till Costco gets there. The folks there will literally dance with joy!

hello scpost, the intro to a home goods store in china was for the people there to know small purchases are at discount prices in a building as big as macy's for food, bath, and dine at home. if only the village heads remember that these food or bath items are not in our uncle and aunts single stores in our tiny streets just downstairs our building homes - the small convenience stores. the older man with a gym bag to carry the cans - were asking for campbell soup but found another type of food in cans. it is a nice place for exercise walk and walk out with a snack or two once in a while for my parents faraway from you there. elle for members

I wonder do they check their receipts on the way out,

Sam’s club is trending in the big cities in China. They use social media successfully, especially Little Redbook, to promote their business.

I was today years old when I found out Sam's club is owned by Walmart. The name makes so much sense now.

same thing with singaporeans going to johor bahru in malaysia for shopping..singapore and hk shares way too much similarities..

Same with Washington people going to Portland to avoid sales tax.

stop the hate, we are all family. in 150 years we will all be dead and gone. lets all get along.

Dang I didn’t know Costco/Sam’s club had tours? 😂

Twenty years back mainland Chinese flocked to shop in HK but now its reverse..

Finally more people get to experience the costco experience. Some western countries costco are popular destinations for chinese living overseas

The crazy thing is you can get a lot cheaper chicken and other items in other parts of ShenZhen…

when i visited Hong Kong a long time ago every stores are filled with Mainlanders buying powdered milk and Ferrero Rocher. how time changed.

because of the thumbnail, i thought it might be costco.

Things don’t sound cheap in Shenzhen. They must be crazy expensive on Hong Kong.

so is Sam's Club more popular than Costco in China or not?

This is so common in JB of Malaysia, Singaporeans come in droves to get bargain. Some even fill up subsidised fuel meant for locals during their field trips.

you hire a tour guide to bring to you to supermarkets??

Prices in Hong Kong are too high, and there are basically no local manufacturing factories.

Same here we go to Batam and Johor to shop for cheaper goods

What I don't understand is, these places normally you go because you buy in bulk.... but let's face it, apartments in HK and in the region are not made for people that buy in bulk. So what is the advantage?

That looks like a Costco!

Which is better costco or sam club?

so literally after discounting the food accommodation, transportation, and membership fee, the tour fee is more than halved. No wonder it's crowded. haha.

1:02 I thought it was much to travel 2 hours just to shop but to save a whopping 25$ on chicken!? How is food getting more expensive when were getting more advanced?

Sam's Club is not a supermarket. It's a bulk seller warehouse.

This scenario is the same as Singaporeans going into the state of Johor in Malaysia for shopping.

Why HK is not built-in another Sam's club, costco and other International outlets stuff in HK itself.

You wont see any Chinese attacking Hong Konger for shopping in mainland and speaking Cantonese.

So? It's been happening for decades.

Can foreigners apply who lives in Hong Kong and not Shenzhen?

Man, back then HK was the gate into China. How the table has been turned around

Costco is the best when I used to shop in bulk.

Well it's much better for the retailers also even selling at a low price, than opening at the U.S. it self and being raided non-stop.. better low income than none at all..

Where is everyone stocking those jumbo size merch in their 300 sq ft flats

32 dollars for a chicken????

I loved Chupa Chups but the paper holder ruined them for me

Why the candy so big?

Li Ka Shing must be panicking for his supermarkets right now. They always sold the most expensive and out of date fruit and vegetables. Looks like the monopoly board got bigger.

There are no bargains in these store, except that whole roasted chicken. Everything is more expensive compared to your neighborhood grocery.

I try to be as efficient as possible when going to Costco. I don’t wander, buy what is on my list, and get out quickly. Meanwhile there are people paying for tour tickets to a warehouse store 😮.

Shenzhen is better city than congested HK.

0:02 of course they are not local. they are from a different country

Reminds me of Americans and Costco lol

We need Sam's Club in Singapore.

Looks like Costco

Sam's Club's Rivals Costco is gonna be opened 2 days later in their nearby location in Shenzhen, Sam's Club is terrifiying atm

One could almost mistake this for North America, I imagine China is safe for the Chinese as long as they don't criticize the government or try to expose corruption of government officials. In North America it is similar though, I spent a year in the psychiatric ward for challenging Miriam Home and Services, and trying to expose them for abusing their clients, I was the only client who was capable of speaking out against them because I was high-functioning and had aspergars syndrome, now Miriam Home and Services changed my diagnosis in the psychiatric ward they controlled to paranoid-schizophrenia to discredit my allegations of corruption and abuse, so the West is not that different from the East, political prisoners are still sent to psychiatric wards in the West like in the former Soviet Union.

nobody call them grasshoppers?

I didn't know hongkongers have houses big enough for a week's grocery.

Low prices for comparable products attract. Hong Kong merchants should realized they are pricing themselves to extinction. Shenzhen is only less than an hour from HK.

2 hrs is nothing compare to what you could have save…

Roast chicken in Hong Kong $31. Roast chicken in Somalia $1.

Costco has much better selection than Sam’s Club here in San Gabriel

As long as they don’t sell fruit in clamshell packaging, they’ll be fine.

Bro this is Costco from the east

That’s what they call rotisserie chicken. Unless you have a big house, buying things in bulk doesn’t make sense for Hong Kong families. In the US, families shop at Costco/Sam’s Club and put everything in the freezer or basement storage.

So no more protests in hong Kong about China?

i dont know how people in HK can fit bulk purchases when they can barely put furnitures... this is only for the rich

Theres no point in buying all the things they buy. They wont have space to put it in HK

😂 that's our son!

What? A roasted chickens sells at 250HKD??? really? why?

For sure not locals cuz they have a lot of other options

This Sam’s club looks more like Costco

作为山姆会员我只想说：鲜肉水果值得买，其他日用品还是京东更划算。

I wonder if those chickens are grown with massive injections of Hormones, and fed with GMO corn / Soy.

I use money to buy time, they spend time to save money.

So basically HKers are like the Chinese tourists here in the west. Instead of going to outlets and department stores they go to Sam’s club.

So now it's mainlander's turn to resent these shoppers and ask them to go back to HK for their shopping spree.

Ignore the Christmas and new year and you will live longer in this world. Much less stress in life if you can do it.

The tied has turned. Hong Kongers used to complain about Mainlanders crowding Hong Kong. Now it's the opposite.

Usually big club item buyers buy a lot and in bulk. How do these HK buyers manage to bring everything they bought back home?

When I lived in Shenzhen people went to HK for shopping...Now it seen to have went the other way...

No Costco or Sam’s in hongkong?

Chinese people go to another Chinese city to buy Chinese made products own by an American billionaire. I personally prefer to shop local and support independent businesses whenever I can. This is what keeps culture, and your neighborhoods alive.

The people at SCMP can't be bothered to pronounce yuan in a way that's not you-an?

its like singaporean goes bargain in johor malaysia

Sam's Club is basically buying from Walmart in bulk. Costco's products are better.

They better watch out on those us processed food that may cause cancer. 😅

Rentals are too high in cities like Hong Kong. It push and drive out businesses in the end leaving only a few to form monopoly in it. Singapore is also a classic example like this.

三十年河东，三十年河西

Do they have enough space at home to store their purchases?! Lol Still fun though

Carrefour used to operate in Hong Kong, but eventually closed its business there. They openly stated that the dominant market players, Wellcome and ParknShop, exerted pressure on suppliers, urging them to refrain from doing business with Carrefour under the threat of boycott. The heyday of these colossal local chains finally reached a critical juncture, compelling them to confront the situation.

Greetings, competition for Sams?? Marvelous. US companies investing in China?? Where is the decoupling? True free trade without sanctions. Who are the true believers of free trade?

China is confusing.......they ask for HongKong to be returned.......and then residents of Hong Kong has to do a "Cross Border" to get to Sam's Club? Why should there be a border within zones of a country?

Speaking of Costco I wonder if the Taiwanese working in Hong Kong that have a Taiwanese Costco card will go to Shenzhen for the Mainland store just like an American Expat in Hong Kong having a US Costco membership card that is active

Oh, how the turn tables...

It’s not like there isn’t space to possibly open a Costco in the New territories area.. maybe closer to the airport area? Kinda crazy that one doesn’t exist.

Beware of fakes

In Deutschland sagt man Polenmarkt

And the Hongkong BNOs went to UK for more expensive and limited products.