The first unmanned convenience store in Shanghai reopened on Wednesday [12 July 2017] after being forced to close temporarily as a result of hot weather. A new air conditioner has been installed in the box-shaped shop – the first of its kind in the city – with sun umbrellas set up outside to prevent food items from going off in the summer heat, reported chinanews.com…Full Article: ECNS.cn July 2017

Key Point

  • In June 2017, the startup Guangdong-based BingoBox opened its first unmanned convenience store in Shanghai. The store mobile phone technologies [i.e. WeChat, QR codes] and facial recognition software to process purchases.

ChinaAg Comments

  • Major convenience store chains in China include 7-Eleven (Japan), FamilyMart (Japan), Lawson (Japan), Ministop (Japan), Shanghai Kedi Convenience Store (China), Shanghai Lianhua Quik Convenience Stores (China), Suguo Supermarket (China), Alldays (aka 好德, China), and Buddies (aka 良友, China).
  • In May 2017, Yonghui Superstores launched its YH Life brand store in Shanghai. YH Life is a convenience store that sells cigarettes, ice cream, readymade meals, and fresh food products.
  • From 2015 to 2016, according to the Boston Consulting Group, Chinese convenience stores’ revenue increased from CNY 118.1 billion to CNY 133.4 billion (or by 13%), while the number of stores rose from 91,000 to 98,000 (or by 9%).
  • In 2011, Shanghai had approximately 7,000 convenience stores (most in mainland China).
  • Established in 2001 and headquartered in Fuzhou, Fujian Province, Yonghui operates 460 medium-sized supermarkets all over China (as of 2015). Yonghui has seen healthy growth which the company attributes to their focus on fresh products, which occupies 40-50% of a single store’s floor space.

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