BRIEF: Sun Art returns to the black on changing store mix
Supermarket operator Sun Art Retail Group Ltd. (6808.HK) reported Tuesday that revenue for its latest fiscal year through March fell 1.4% year-on-year to 71.6 billion yuan ($9.91 billion). But the…
Alibaba’s Sun Art Sale, and a China-Kazakhstan Dual Listing
Alibaba has announced a plan to sell its majority stake in the operator of the RT-Mart supermarket chain. And a Chinese mining startup plans to list shares in both Hong…
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…
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…
Dingdong rings on its East China base to fatten profits
The nation’s top online grocer is trying to boost profits by focusing on membership services and its base in affluent Shanghai, as well as adjacent Zhejiang and Jiangsu provinces Key…
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…
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