China Resources Vanguard Supermarket, a retail unit of China Resources Enterprise, has reportedly entered into negotiations to take a stake in a supermarket chain joint venture between Wal-Mart and Shenzhen International Trust Investment.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Wal-Mart has a 65% stake in the supermarket chain, worth US$185m, while Shenzhen International holds the remaining 35%.


Citing sources close to the deal, the Shanghai Securities News reported that China Resources Vanguard may acquire the equity interest held by Shenzhen International.


No further details were provided.


In 2004, China Resources expanded into the retail sector when it purchased an 85% stake in the Jiangsu-based Suguo supermarket chain. At the end of last year, CR Vanguard and CR Suguo had more than 2,100 outlets with combined sales of CNY30.14bn (US$3.77bn), according to the paper.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now