JD.com’s 7Fresh Supermarket to Expand Outside Beijing

Consumers in Shanghai, Guangzhou, Shenzhen and Chengdu will soon be greeted with a new fresh food shopping experience as JD plans to open 16 new locations for its premium 7Fresh stores…Full Article: Fruitnet Sept 2018 Key Point Fresh produce reportedly comprises 70% of 7Fresh’s store products, with 20% originating from international suppliers. ChinaAg Comments In

Carrefour Denies Reports it will Exit the Chinese Market

Global retailer Carrefour on Thursday [21 December 2017] denied media reports that it will sell its businesses in China, Argentina and Poland, Reuters reported. The information is false, a group spokesman said, when asked about a report by French monthly magazine Capital…Full Article: ENCS.cn Dec 2017 Key Point In 1995, France’s Carrefour entered mainland China.

Walmart, IBM, Tsinghua University, and JD.com Team Up on Implementing Blockchain Technology

Retailers Wal-Mart Stores Inc. and JD.com Inc. and technology gurus IBM Corp. and Tsinghua University have kicked off a collaboration to track food information and enhance food safety in China using blockchain technology. The four have established the Blockchain Food Safety Alliance, which allows companies to share information that is then stored by blockchain —

Tencent Holdings to Purchase a 5% Stake in Yonghui Superstores

Tencent Holdings has agreed to purchase a stake in one of China’s largest supermarket chains, Yonghui Superstores, in the latest move to step up the war with Alibaba Group Holding in the “new retail” battleground of online-offline shopping…Full Article: South China Morning Post Dec 2017 Key Points As of December 2017, YH Super Species (est.

Carrefour China at a Crossroads After Alibaba Invests in Sun Art Retail Group

A partnership between French retailer Auchan and internet giant Alibaba could push Carrefour further behind in China and could even persuade its new boss to pull out of the country. Alexandre Bompard took the helm at Carrefour, the world’s second-largest retailer behind Walmart, in July; on Jan 23, 2018, he will unveil his turnaround plan

South Korea’s Lotte Group Gets Go Ahead for Chengdu Project Amid Easing Tensions with China

Lotte Corp said on Monday [6 November 2017] that a major property development in China had received approval from local authorities to start a second phase of construction – the latest sign that tension between China and South Korea is easing. The announcement comes one week after an unexpected detente between the two countries, which

Beijing’s Chaoshifa Supermarket Chain Signs Cooperation Agreement with Japan’s Lawson

Retail veteran Chaoshifa Market has been given a new lease of life. The Beijing-based supermarket chain caters for middle-aged and senior citizen customers, and has been operating in local communities since 1997. But this month the group opened three, small outlets in Beijing with the Japanese convenience store franchise, Lawson China Holdings Inc, in a