Beijing Invests In New Wholesale Produce Market

Beijing has invested four billion yuan ($588 million) to build a new wholesale produce market in its southeastern suburbs. The new market will complement Xinfadi, the capital’s largest produce market, located in southern Beijing…Full Article: China Daily July 2017 Key Point Beijing’s Xinfadi wholesale market supplies 70% of the city’s vegetables. ChinaAg Comments In February

Beijing Investment Firm Bids on Italian Supermarket Chain

Chinese Group Yida International Investment has formally expressed interest in Esselunga, Italy’s fourth-largest supermarket chain, Italian daily la Repubblica reported on Thursday [15 June 2017]…Full Article: The Global Times June 2017 Key Points Yida International offered EUR 7.5 billion euros (USD 8.38 billion) for Italy’s Esselunga supermarket chain. In September 2016, the private equity funds

China’s Convenience Stores Number Close to 100,000

The number of convenience stores in China is approaching 100,000, generating more than 130 billion yuan ($18.8 billion) in sales in 2016. To survive the fierce competition, operators of convenience stores should pay more attention to improving their product experience, increase self-owned brands, expand business scope, digitalize their service and optimize the supply chain, said

Walmart Plans to Add 15 New Stores in Hubei Province over the Next 3 Years

Multinational retailing corporation Wal-Mart Stores Inc announced plans to open 15 new stores in Central China’s Hubei Province in the next three years, providing 6,000 jobs, domestic news portal china.com reported on Thursday [30 March 2017]…Full Article: ECNS.cn Mar 2017 Key Point Walmart currently has 30 stores in Hubei Province. ChinaAg Comments In March 2017,

Germany’s Aldi Teams Up with Alibaba’s Tmall

German supermarket franchise Aldi has been taking ground from Australia’s dueling retail giants, Woolworths and Coles since 2001. It now hold around 15 percent of the supermarket space with 350 stores across the country and A$4 billion ($3 billion) in annual sales. With the help of Tmall Global, operated by Alibaba, Aldi is now expanding

Australian Grocery Chain Woolworths to Accept China UnionPay Cards at its Supermarkets

The Australian grocery giant Woolworths said on Tuesday [7 February 2017] that it will now accept UnionPay cards at its stores; China’s leading debit and credit cards. Woolworths will offer all forms of UnionPay payment, including the contactless mobile based transactions at its terminals…Full Article: China Daily Feb 2017 Key Points According to China UnionPay

Sam’s Club China Targets Wealthier Customers with its Products

In the United States, Walmart Stores’ members-only Sam’s Club warehouse chain offers a wide range of products from bulk groceries to patio furniture at discounted prices in cavernous, no-frills stores, where goods are stacked on metal shelves. Walmart is doing the same thing in China but with some pricey twists, including $3,200 rice cookers and