Wumart

Retail Asia01/12/2021

Tim Hortons China (Tims China) is ready to further expand its presence in the Chinese market by entering a strategic partnership with Metro China, a joint venture of Wumart and Metro. Under the terms of the partnership, Tims China will become the exclusive coffee shop brand in Metro stores across the country. Tims China CEO […]

Retail Asia23/10/2019

Chinese retail group Wumart has won a lengthy bidding process for the Metro China business. The German grocery and hypermarket retailer commenced a search for a buyer for the business in March, with various sources reporting an asking price of between US$1.5 billion and $2 billion. As many as eight bidders were in the running […]

Retail Asia05/06/2018

China’s supreme court has thrown out the fraud conviction of a retail tycoon in an unusual gesture of official leniency toward entrepreneurs amid a string of high-profile detentions and prosecutions that has rattled the Chinese business world. The Supreme People’s Court ruling Thursday reversed the conviction of Zhang Wenzhong, former chairman of Wumart Stores, who […]

Retail Asia23/11/2017

This week’s Alibaba-Sun Art deal is a major step in the development of a new retail landscape in China, write Wai-chan Chan and Jacques Penhirin of Oliver Wyman. This is not a “real estate play” with Alibaba buying 446 grocery stores, but shows how serious Alibaba are in developing the “new retail” model combining the […]

Retail Asia27/07/2015

Wumart Stores, the Beijing-based, Hong Kong-listed grocery retailing giant, has today reported an 11.9 per cent increase in sales in the first six months of the year. Total revenue topped RMB11.6796 billion at a time when foreign box box food and hypermarket retailers are feeling the pressure. Lotte Mart this week said it was closing […]

Tag: Wumart

Tim Hortons China to open coffee shops in Metro’s China stores

Wumart wins bidding war for Metro China

Chinese retail tycoon’s fraud conviction thrown out

Another Alibaba major step in China retail

Wumart Stores sales surge