BRIEF: Sun Art CEO unreachable, reportedly assisting in investigation
Supermarket operator Sun Art Retail Group Ltd. (6808.HK) said on Wednesday that its recently installed CEO Li Weiping has become unreachable, as other media reported she was assisting police in…
BRIEF: Sun Art names Freshippo veteran as new CEO
Sun Art Retail Group Ltd. (6808.HK), operator of the RT-Mart supermarket chain, announced on Sunday that CEO Shen Hui has resigned from his post to devote more time to family…
Sun Art pursues life after Alibaba in China’s evolving retail landscape
Alibaba is negotiating with a potential buyer for its majority stake in the operator of RT-Mart hypermarkets, Sun Art said Key Takeaways: DCP Capital and Hillhouse are among the private…
BRIEF: Sun Art returns to profits on stabilizing business, cost cuts
Sun Art Retail Group Ltd. (6808.HK), operator of the RT-Mart supermarket chain, said on Tuesday it returned to the black in the six months through September, crediting stabilizing store traffic…
A supermarket David defeats Goliath in small-town China, outracing the times
With only a dozen stores in the Central city of Xuchang, Pang Donglai has become a modern legend for standing up to a flood of hypermarkets and online grocers Key…
Faded Sun Art seeks to shine again in China’s changing grocery market
The former hypermarket superstar warned it fell into the red last year, as online grocers continued to eat its lunch Key Takeaways: Sun Art lost 1.7 billion yuan in its…
Freshippo tries to rock the stodgy supermarket cart with youthful customers, growth story
The Alibaba-backed chain’s announcement of 12 new store openings kicks off a publicity drive in the run-up to an IPO by the end of 2023 Key Takeaways: Freshippo’s announcement of…
