Alibaba To Acquire 18% Stake In Lianhua Supermarket
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.
Bailian Group
Shanghai Bailian Group To Acquire Two Local Retailers
At the behest of the State-owned Assets Supervision and Administration Commission of Shanghai, the Shanghai Bailian Group has announced plans to acquire two retailers, Shanghai Join Buy and Shanghai New World, to integrate into its…
China's Lianhua Supermarket Will Acquire Hualian Supermarket
Lianhua Supermarket, a subsidiary of the Bailian Group, has announced that it will acquire a 100% stake in Hualian Supermarket from Bailian Group for CNY492 million.