Yonghui

Retail Asia07/05/2019

Dairy Farm Group-backed Yonghui Superstores is to boost its interest in Central Chinese regional supermarket chain, Zhongbai Holdings. According to a stock exchange filing in Shanghai, Yonghui is offering RMB8.10 per share to take its stake in the company from 30 per cent to 40 per cent. The deal is worth RMB559 million (US$83.3 million) and […]

Retail Asia15/11/2018

“Significant challenges” across the Southeast Asian supermarket business are continuing to test Hong Kong-listed multi-format retailer Dairy Farm International. In a management statement discussing the company’s third-quarter performance – which did not include any figures – Dairy Farm said its businesses produced “mixed results” with a strong performance in health and beauty and good results […]

Retail Asia29/10/2018

Tencent has teamed up with ParknShop and Yonghui Superstores to create a new combined grocery chain ParknShop Yonghui. The joint venture, valued at US$170 million, aims to help Shanghai-listed Yonghui expand its business outside of the southern province of Guangdong, as well as consolidating Yonghui and ParknShop’s businesses in the province. Yonghui gains half of […]

Retail Asia12/03/2018

Poor trading by Dairy Farm International’s Southeast Asian grocery business hit the company’s bottom line last year, with underlying profit falling 13 per cent. But every other one of the company’s divisions traded strongly throughout the year, according to the results just released. Full-year profit was US$403 million, after allowing for $64 million of costs […]

Retail Asia01/02/2018

Three Chinese e-commerce giants led by Tencent are buying into shopping centres as part of an alliance that will help fund property magnate Wang Jianlin’s HK$30 billion (US$3.8 billion) plan to take his Dalian Wanda Group private. Jianlin describes it as the world’s biggest single alliance between the new economy and bricks-and-mortar businesses as he […]

Retail Asia19/12/2017

China’s Tencent plans to acquire a minority stake – some 5% — in offline Chinese retailer Yonghui Stores, as the tech giant looks to explore a physical retail presence in the domestic market. Yonghui said in a filing to the Shanghai stock exchange that the share transfer agreement would be made with Linzhi Tencent, a […]

Retail Asia16/11/2017

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JD.com profit soared 50 per cent after a 39 per cent increase in sales during the Chinese online retailer’s latest quarter. Its unaudited results for the three months to the end of September show revenue of RMB83.7 billion (US$12.6 billion), with a record 50.3 per cent surge in gross profit to RMB13 billion. Non-GAAP gross […]

Retail Asia16/11/2017

Dairy Farm sales were described as “flat” in the third quarter to September 30. The Hong Kong-headquartered company said improved performances in health and beauty, Ikea, restaurants and Yonghui were offset by lower sales in the food and grocery division. “The lower food division sales, together with new store pre-opening costs in home furnishings, (Ikea) […]

Retail Asia02/06/2017

Chinese supermarket chain retailer Yonghui Supermarket has decided to build a supply chain industrial park in Sichuan’s Pengzhou city, with a total investment of CNY1 billion. The company says the industrial park will better support its regional distribution and warehousing demands and food processing business development in Sichuan. Yonghui Supermarket will purchase an area of […]

Retail Asia06/03/2017

Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. Total sales, including those of associates and joint ventures, rose 14 per cent in US dollar terms and 17 per cent on a constant-currency basis to US$20.4 billion. […]

Retail Asia02/08/2016

Pan-Asia retailer Dairy Farm International Holdings reports “modest” sales growth for the six months ended June 30. Underlying profit was slightly ahead as higher contributions from food, home furnishings, restaurants and China hypermarket Yonghui offset a lower contribution from the group’s health and beauty division. The group is seeing the benefits from investments made last […]

Retail Asia16/03/2016

Weak performances in Singapore and Indonesia eroded underlying profits in multinational retailer Dairy Farm Group’s food division last year. Last week, Dairy Farm reported a 5 per cent overall increase in sales on a constant currency basis, but a 14 per cent decline in underlying profit due to the “challenging” operating environment across Asia. Sales […]

Retail Asia16/11/2015

Dairy Farm International Holdings says softer sales growth and steep cost increases led to weakened margins in the third quarter. In an interim management statement, which does not include financial data, the Hong Kong-based pan-Asian retailer says the group faced more difficult economic conditions, and focused on building market share and investing for the long-term […]

Retail Asia14/08/2015

Dairy Farm International has agreed to acquire a further 143 million shares in a placement by Yonghui Superstores for about US$210 million. The investment by DFCL is being made in conjunction with JD.com acquiring a 10 per cent interest for consideration of about US$700 million and protects Dairy Farm’s existing 19.99 per cent stake. Zhang […]

Tag: Yonghui

Yonghui boosts stake in Chinese grocery Zhongbai

SEA gives struggle to Dairy Farm International

Yonghui, Parknshop and Tencent to jointly establish JV

Dairy Farm International’s plan after hitting bottom line

China’s e-commerce giants to buy Dalian Wanda malls

Tencent buys minority stake in Yonghui Stores

JD.com surprises with first profitable quarter

Dairy Farm sales stagnate

Yonghui to build supply chain industrial park in Sichuan with CNY1 billion

Solid year for revitalised Dairy Farm International

‘Modest’ growth for Dairy Farm International

Singapore, Indonesia drag Dairy Farm Group food division

Dairy Farm struggles in SE Asia

Dairy Farm buys more Yonghui shares