BingoBox Gains CNY100 Million Investment
24-hour cashier-free convenience store chain BingoBox has completed its series A round financing of over CNY100 million.
convenience store
Yiguo Group Invests HKD950 Million Into Lianhua
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.
Rainbow Department Store Net Profit Down 12.52% In 2014
Shenzhen-headquartered Rainbow Department Store published its annual performance report for 2014, stating that the company realized total operating revenue of CNY16.998 billion in 2014, a year-on-year increase of 6.02%; its total profit was CNY773 million,…
CR Vanguard, Tesco JV Agreement Approved By Chinese Government
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.
7-Eleven Opens Two New Stores In Chongqing
7-Eleven will reportedly open two new stores in the city, marking the brand's formal entry into Chongqing.
Fujian Will Subsidize 500 Community Convenience Stores In 2013
The Fujian Provincial Economic and Trade Commission announced that by October 2013, they will encourage the building and renovation of 500 community convenience stores, including 100 in Fuzhou and ten in the Pingtan comprehensive experimental…
Convenience Stores In China's Capital Become Logistics Outposts
Chinese B2C e-commerce website 360buy.com has formally started cooperating with the convenience store provider Good Neighbors to offer pick-up service in 13 Good Neighbors convenience stores in Beijing, covering Xicheng district and part of Haidian…
South Korea's E-Mart To Sell Unprofitable Chinese Stores
South Korean retail giant E-Mart has announced plans to sell about ten unprofitable stores in China.
Beijing Jingkelong To Open 30 New Stores In 2011
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…
Beijing Wumart To Invest CNY400 Million For China Store Expansion
Beijing-based supermarket operator Wumart Stores Inc. has announced that it plans to invest CNY400 million in store expansion in 2011.