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China’s Top 100 Supermarket Chains in 2024 Announced

July 15, 2025

On July 9, the China Chain Store & Franchise Association released its annual ranking of China’s top 100 supermarket chains for 2024. The data show that the total sales revenue of the top 100 supermarket companies in 2024 reached approximately 900 billion Chinese yuan ($125.6 billion), representing a year-on-year increase of 0.3%. The top 100 supermarket chains operated a total of 25,200 stores, down by 9.8% compared with the previous year.

According to the list, 12 companies achieved sales exceeding 10 billion yuan ($1.40 billion), including five with sales over 50 billion yuan ($6.98 billion), representing decreases of one and two companies, respectively, compared with 2023. Meanwhile, 42 companies saw sales growth, 25 companies expanded their store count, and 14 companies achieved growth in both sales and store numbers.

In 2024, Walmart China topped the list for the fourth consecutive year, with sales reaching 158.84 billion yuan ($22.16 billion, +19.6% YOY), despite an 8.5% decline in store count to 334. Walmart China remained the only company with sales exceeding 100 billion yuan ($13.95 billion), surpassing the combined sales of the second- and third-ranked companies.

RT-Mart and Freshippo rose from their third and fifth positions last year to second and third this year, with sales reaching 76.41 billion yuan ($10.66 billion) and 75.00 billion yuan ($10.46 billion), respectively. Yonghui Superstores dropped two spots to fourth place with sales of 73.24 billion yuan ($10.22 billion), while Wumart Group ranked fifth with 57.90 billion yuan ($8.08 billion) in sales. The companies ranked from sixth to tenth were Lianhua Supermarket, China Resources Vanguard, Jiajiayue Group, Zhongbai Warehouse and Guangzhou Qiandama.

Among the top five companies, Yonghui Superstores saw a 14.4% decline in sales, while the sales of RT-Mart decreased by 0.3%. The other three companies all achieved varying degrees of growth, with Freshippo showing the largest increase at 27.1%, followed by Walmart China at 19.6%.

From the perspective of single-store sales, Costco China, which rose from 26th to 17th on the 2024 list, operated seven stores but achieved total sales of 5.82 billion yuan ($812 million), translating to an impressive average single-store sales figure of 830 million yuan ($115.8 million, −24.4% YOY). Meanwhile, DL Supermarket (许昌市胖东来商贸集团有限公司), which debuted on the 2023 list and ranked 19th in 2024, registered total sales of 8.09 billion yuan ($1.13 billion) across 12 stores, with average single-store sales reaching 670 million yuan ($93.5 million, +76.3% YOY).

The performance of the top 100 supermarket companies in 2024 reveals a continued concentration of market resources among leading players: the top 10 companies accounted for 66.6% of total sales, with this share increasing compared with last year. Membership stores and discount stores continued to see significant growth in terms of both sales and store numbers. Notably, Costco, Hotmaxx, Beijing Yaodi Farming (北京尧地农业科技发展有限公司) and Aldi — all operating within these two formats — achieved substantial sales increases.

Supermarket operators saw improved store performance in 2024. Although the top 100 supermarkets reduced their total store count by 2,750 (−9.8% YOY), overall sales still grew by 0.3%. More than 60% of the companies saw improved store performance, with mid-sized enterprises — those with sales between 3 billion yuan ($418.6 million) and 10 billion yuan ($1.40 billion) — representing the largest share of those seeing improvement.

The share of online retail sales continued to rise. In 2024, online sales accounted for 16.9% of total sales among the top 100 supermarket companies. The role of front-end warehouses in boosting online sales has become increasingly evident.

According to the China Chain Store & Franchise Association’s top 100 supermarket chains ranking, the top 10 supermarket chains in China in 2024 are listed in the following table:

No. Company name Sales (billion yuan, including tax) Total stores
1

沃尔玛(中国)投资有限公司
Walmart China

158.84 334
2

康城投资(中国)有限公司
RT-Mart

76.41 505
3

盒马(中国)有限公司
Freshippo (China)

75.00 420
4

永辉超市股份有限公司
Yonghui Superstores Co. Ltd.

73.24 775
5

物美科技集团有限公司
Wumart Group

57.90 918
6

联华超市股份有限公司
Lianhua Supermarket

48.64 3,152
7

华润万家(控股)有限公司
China Resources Vanguard

48.10 2,200
8

家家悦控股集团股份有限公司
Jiajiayue Group

29.90 902
9

中百仓储超市有限公司
Zhongbai Warehouse

17.95 714
10

广州钱大妈农产品有限公司
Guangzhou Qiandama

13.63 2,959

Image: Pixabay

This article was translated from Chinese. Read the original article.

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