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.
Lianhua
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.
Lawson Teams With Alipay For Retail Payments In China
Japanese convenience store brand Lawson and Chinese third-party payment platform Alipay recently reached a deal to deploy mobile payment services at Lawson's retail stores.
Lianhua Supermarket Forecasts Profit Drop With Steep Competition
Lianhua Supermarket Holdings Company Ltd. says that by September 30, 2014, the group achieved unaudited operating revenue of about CNY24.168 billion; its operating costs were about CNY19.217 billion; and its net profit attributable to shareholders…
350 New Retail Outlets On Lianhua Supermarket's Agenda For China This Year
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…
Lianhua Supermarket to Build Large Logistics Base In Shanghai
Chinese supermarket retail chain operator Lianhua Supermarket Holdings Company Limited announced plans to invest over CNY800 million to build a large modern logistics system in Jiading, Shanghai.
Lianhua Teams with Japan's Growell For Chinese Cosmeceuticals
Chinese supermarket operator Lianhua has formed a partnership with Japan's Growell Group and Shanghai-based Meiribuy to create a three-way cosmeceutical joint venture.
China's Lianhua Supermarket Net Profit Up 22.8% In H1 2010
Chinese supermarket and convenience store operator Lianhua has published its semi-annual financial report for the first half of 2010, stating that its net profit increased by 22.8% year-on-year to CNY326 million and its profit per…
Taobao.com Extends Payment Points In Beijing's Retail Outlets
According to Chinese online shopping platform Taobao.com, the company is currently deploying offline retail kiosks and payment points across China to complement the over 4,000 locations it has already opened in Beijing in such supermarkets…
China's Lianhua Supermarket Profits Up 62% To CNY227 Million
According to the interim results from Lianhua Supermarket Holdings Co, Ltd., the company made net profits of CNY227 million in the first half of 2008, a year-on-year increase of 61.81%.