Business Intelligence on Retailing, Franchising, and Consumerism in China

CR Vanguard To Open New Outlets In Haikou

China Resources Vanguard is planning to open two to three large-scale shopping centers in Haikou.

Xu Tang, deputy secretary of the Municipal Party Committee and mayor of Haikou City has met the COO of CR Vanguard, Guan Hongjie, and discussed investment by CR Vanguard in the business and trading sectors of Haikou.

Xu said that in recent years, many large retailers such as RT-Mart and Carrefour had entered the Haikou market and the consumer market in the city is developing well and he hoped the entry of CR Vanguard would bring more benefits to Haikou's local people. At the same time, Xu required the relevant departments to offer support in the site selection of CR Vanguard.

China Resources Vanguard is the retail subsidiary of China Resources Holdings. In 2007 China Resources Vanguard realized sales of CNY50.2 billion with 2,450 retail outlets across China, covering more than 80 cities in 15 municipalities and provinces.

Be the first to comment on "CR Vanguard To Open New Outlets In Haikou"

Leave a comment

Your email address will not be published.


  Other China News

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco