Competition heats in Chinese retail
Chinese retail ripe for consolidation
Slowing economic growth and rising unemployment in China may have had slowed growth from the country's retail sector but, as Dominique Patton reports…
CHINA: Wumart denies Times talk
Chinese retailer Wumart Stores has denied reports that the company is in the final stages of talks to acquire smaller…
CHINA: Lianhua books 10% H1 profit increase
Hong Kong-based Lianhua Supermarket Holdings booked an increase in half-year profits today (27 August), up 10% year-on-year. Net profit for…
CHINA: Private equity swoops on Wumart
Chinese retailer Wumart Stores has struck a HK$1.65bn (US$212.9m) share deal with private equity firms TPG and Hony Capital. Wumart, the…
CHINA: Wumart growth continues
Chinese retailer Wumart Stores has posted a 21% jump in half-year profits thanks to buoyant turnover and steady growth in…
