BRIEF: Sun Art Retail swings to loss in latest fiscal year
Supermarket operator Sun Art Retail Group (6808.HK) saidon Sunday it expects to post a loss of 300 million yuan to 50 million yuan ($51 million) for its fiscal year through…
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…
JD.com sets up Hong Kong bridgehead as real-time retail battle moves overseas
The e-commerce giant has reportedly purchased Hong Kong grocery chain Kai Bo, aiming to bring its integrated retailing model to the city’s local market Key Takeaways: JD.com has reportedly acquired…
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…
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.
