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...