Beijing has introduced new policies to support the construction and development of more convenience stores, with the total number of stores in the city to reach 6,000 by 2021. According to a plan of the Beijing Municipal Commission of Commerce, every 1,000 residents will be served by a store of 10 to 20 square meters…Full Article: China Daily Oct 2018
- Beijing will reportedly lessen the red tape necessary to obtain a food business license and will allow stores to sell over-the-counter medicine products.
- 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 January 2018, a Beijing municipal commerce commission found that the municipality needs approximately 3,000 convenience stores in order to properly serve its residents. Four government departments were tasked to increasing the number of stores. At the time, Beijing had roughly 1,500 convenience stores.
- 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. In July 2017, the unmanned convenience store reopened after a brief shutdown due to hot weather.
- 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).
- Founded in 1994 and headquartered in Beijing, Wumart is one of China’s leading retail chains. Their outlets are primarily located in the northern provinces of Beijing, Zhejiang, Tianjin and Hebei.
- In April 2004, Wumart announced it was purchasing a stake in Beijing Chaoshifa Chain Store. In 2006, Wumart increased its stake in Chaoshifa to 25%.
- Founded in 1956 and headquartered in Beijing, Beijing Chaoshifa Chain Store is a supermarket retail chain that primarily operates in Beijing and Hebei Province.
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