Retailing, Franchising, and Consumerism Business Intelligence in China


Alibaba LST GM To Take Over RT-Mart

According to reports in Chinese local media, Lin Xiaohai, Alibaba's vice president and general manager for LST, will be new CEO of RT-Mart and directly report to Alibaba CEO Zhang Yong.

Meanwhile, Huang Mingduan will still be CEO of Sun Art Retail and chairman of RT-Mart China.

Sun Art Retail is one of the largest supermarket retailers in China and it currently operates 486 supermarkets under the RT-Mart and Auchan brands, of which 414 are RT-Mart outlets. In November 2017, Alibaba invested HKD22.4 billion in Sun Art Retail and gained 36.16% shares of the company.

Public files show that Lin joined Alibaba LST in 2016.




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