Ruentex Archives - Inside Retail Asia

Alibaba, Auchan, Sun Art partnership in China food foray

A new Alibaba, Auchan, Sun Art partnership will further strengthen Alibaba’s efforts to integrate online and offline, say analysts.

Alibaba, Auchan, Sun Art partnership in China food foray

A new Alibaba, Auchan, Sun Art partnership will further strengthen Alibaba’s efforts to integrate online and offline, say analysts.

Alibaba tipped to buy RT-Mart China

Alibaba Group has declined to comment on Chinese media reports it plans to acquire RT-Mart China.

China JV to open 300 c-stores

Taiwan’s Ruentex Group and China’s Sinopec Corporation are planning to open 300 convenience stores within the latter’s petrol stations. The two companies forged a joint venture in August and are currently jointly operating eight Easy Joy convenience stores in Shanghai as a trial. The plan comes at a time when Sinopec has sold 30 per cent stake in its retail unit, which operates 30,000 petrol stations and 23,000 convenience stores, to 25 investors including Fosun International for 107.094…

Ruentex, Sinopec in c-store partnership

Taiwan’s Ruentex Group and a subsidiary of Sinopec Corporation have partnered to develop a convenience chain business in China. Ruentex operates hypermarket chains RT-Mart and Auchan and C-store convenience chain, while Sinopec Corporation is petrochemical enterprise group, with more than 30,000 gas stations in China and also operates Easy Joy convenience stores. Easy Joy convenience stores are not performing, prompting Sinopec to find an experienced retail partner. Sinopec’s subsidiary…

Hypermarket group eyes regional expansion

French-Taiwanese group Sun Art says it plans to expand into Indonesia, Malaysia and Vietnam.