A proposed $745 million tie-up between the Chinese supermarket operator Wumart Stores and C.P. Lotus, a retailer in China controlled by the Thai billionaire Dhanin Chearavanont, has fallen apart after the two sides failed to agree on final terms of the deal, both companies said Monday [16 December 2013]…Full Article: Fresh Plaza Dec 2013

Key point

  • In 2012, Chinese supermarket sales totaled CNY 1.8 trillion (~US$300 billion), an increase of 10% from 2011. Despite the large figure, China’s supermarket sector is fragmented with no chain holding more than a 5% share.

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