BRIEF: Lianhua Supermarket’s Q1 revenue slumps, but profit doubles
Lianhua Supermarket Holdings Co. Ltd. (0980.HK) reported Tuesday that its revenue fell 15% year-over-year to 5.97 billion yuan ($821 million) in the first quarter, while its profit surged 141% to…
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…
CHINA BULLETIN: High-Level China-U.S. Exchanges Pick Up
In this week’s issue U.S.-China exchanges pick up, supermarket sales slump, and AI attacks AI. On a scale of 1 to 100, we give the week a 40 for offshore-listed China stocks.
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