Yonghui Archives - Inside Retail Asia
Ongoing restructuring is impacting on Dairy Farm International’s grocery and convenience sales – but total group income is up.
Chinese e-commerce giant JD is considering a share listing in the US, according to multiple news reports.
Hong Kong-headquartered Dairy Farm sales surged by 13 per cent in the first half of the year to US$13.8 billion.
China is set to overtake the US to become the world’s largest grocery market by 2023 in value terms, according to new forecasts.
Dairy Farm International has reported like-for-like sales growth in four of its five operating divisions in the first quarter.
The Metro China sale has progressed to the shortlisting of four companies invited to submit final bids.
Chinese food-delivery website Meituan has closed three of its Ella Supermarkets in Jiangsu.
“Significant challenges” across the Southeast Asian supermarket business are continuing to test Hong Kong-listed multi-format retailer Dairy Farm International.
The Chinese grocery market by grow by 32.6 per cent by 2022, preserving its status as the largest grocery market in Asia.
Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year.
Tencent leads a trio of e-commerce giants buying into shopping centres to help Dalian Wanda Group delist.
Tencent and Yonghui are to invest in Carrefour China in a move analysts tip will help revive the struggling French company’s mainland business.