Chinese e-commerce group Alibaba and the Internet fresh food platform Yiguo signed an equity transfer contract, under which Alibaba will purchase 18% shares of Lianhua Supermarket from Yiguo.
Auchan China's general manager Shen Hui announced plans to depart the company and start a new career.
Beijing-based supermarket operator Wumart Group and Guangzhou-headquartered Evergrande Group signed a strategic cooperation agreement in Guangzhou.
The Internet fresh food platform Yiguo has invested HKD950 million into Lianhua. This now makes Yiguo the second largest shareholder of this Chinese supermarket chain operator.
Shenzhen-based retail chain Ren Ren Le recently closed seven additional stores after the publishing of its third quarter financial report.
The joint venture agreement between CR Vanguard and Tesco has been approved by Chinese authorities, and the two parties will form a diversified retailing joint venture for businesses in Greater China.
CR Vanguard, the supermarket operator under China Resources Group, will continue to enhance its expansion in 2014 and plans to open 78 new stores in East China.
Chinese supermarket operator Lianhua has announced its annual results for 2011, stating that the total number of its outlets reached 5,150 by the end of last year, and it plans to open 350 additional stores…
Beijing-based supermarket retailer Jingkelong has announced that during the year 2010, it made a 11.2% operating revenue growth, which was mainly attributed to a 9.2% growth in its retail business and a 12.9% increase in…
The British retail giant Tesco has announced plans to invest GBP2 billion in China over the next five years to expand the number of stores it operates in China.