Lianhua news

10 May 2019
Alibaba and Bailian Group are planning to open 500 Ego convenience stores in China this year. New Retail convenience stores The first store, which has opened in Shanghai, operates around 500 sq m and has six key areas: coffee, bakery, foodservice, fresh, grocery retail and leisure/dining. About two-thirds of the store area is dedicated to fresh or foodservice, including coffee, bakery an...
30 May 2017
Chinese retailer Yiguo has announced that it has agreed to transfer 18% of its shares in Lianhua Supermarket to Alibaba China, reportedly worth HKD780m (US$100m). Alibaba's share in Lianhua grows further Yiguo is a well-known Chinese fresh produce e-commerce leader and acquired all of Yonghui Superstores' shares in Lianhua Supermarket in January. The latest agreement with Alibaba is an indi...
21 February 2017
Ecommerce giant Alibaba Group has formed a strategic partnership with Chinese retail conglomerate Bailian Group. The cooperation Alibaba and Bailian will initially cooperate on supply chain technology using Alibaba’s big data capabilities as well as integrating Alipay payments with Bailian Group’s existing membership programme.  Alibaba has been extending its reach offline to provide a b...
05 January 2017
Chinese retailer Yonghui Superstores has announced that it has agreed to transfer all its shares in Shanghai-based Lianhua Supermarket to a fresh produce ecommerce operator Yiguo, in transactions worth HKD950m (US$122.4m). Disposing of unprofitable overlapping business Since becoming the second-largest shareholder of Lianhua in April 2015 with 21% of its shares, Yonghui has been involved in...
17 October 2016
Chinese retailer Lianhua Supermarket has warned that its net loss for the nine months ended 30 September 2016 is expected to increase by approximately 20% to 40% compared to same period last year. Tough trading environment The expected increase in loss is mainly due to the shrinking market demand and intensified competition of online and offline retailers, which has led to a decrease in the...
01 February 2016
Chinese retail chain Lianhua Supermarket has warned investors that the company expects a net loss ranging from approximately RMB 450m (US$ 68m) to RMB500m (US$ 76m) for the year ended 31 December 2015, according to Lianhua’s latest announcement. Subdued results due to impact of economic slowdown and e-commerce With 4,195 supermarkets and hypermarkets in China, Lianhua attributes the si...
02 September 2015
We round up the contrasting results from three key domestic Chinese retailers Lianhua, Yongui and Renrenle at the mid-point of the year.  Slipping sales and profit at Lianhua In the first half, Lianhua's turnover declined by -6.3% to RMB 14bn and income declined 5.3% to RMB 3.5bn . Falling same store sales contributed heavily, down -6.3% year on year. Hypermarkets (-4.3%) supermarkets...
13 April 2015
Yonghui will become Lianhua's second-biggest shareholder by buying a 21.17% stake for RMB744 mn (USD1.19 mn). The Bailian Group remains Lianhua's largest shareholder. Yonghui, headquartered in Fujian province, has been strengthening local expansion through taking stake in top regional retailers. Its equity investment in Zhongbai Group in Hubei province was another example. Yonghui is gearing u...
07 April 2015
As at 31 December 2014, Lianhua's turnover amounted to RMB29,152 mn (USD4,731 mn), a fall of 4.1% on 2013's figure. The Group said like-for-like sales decreased by 5.52% as compared to 2013. Store network expansion The total number of outlets reached 4,291. The Group opened 275 new outlets in 2014, including four hypermarkets, 158 supermarkets (including 23 directly-operated stores and 135...
10 September 2014
Lianhua expands property portfolio in third tier city. Yiwu City Life, a wholly-owned subsidiary of Bailian Group, is principally engaged in the development and operation of the the property, which is expected to become one of the largest flagship shopping malls in Yiwu city, Zhejiang province. By acquiring the Yiwu property, Lianhua expects the leasing of the retail spaces will bring in...