Retail

579 Articles

Amid Continuing Difficulties, Yonghui Closes Flagship Fuzhou StoresAmid ongoing financial troubles, Yonghui Superstores has closed down its flagship Fuzhou stores.	September 05, 2022 Roy G
MissFresh Announces Temporary Shutdown of Its On-Demand ServiceUnder considerable financial strain, MissFresh has temporarily shut down its on-demand service. The company’s share price has plunged by 65% over the last week.	August 02, 2022 Roy G
COVID-19 Headwinds Lead Freshippo To Cut ValuationChinese supermarket chain Freshippo has cut its fundraising valuation from $10 billion to $6 billion, driven by COVID-19 restrictions such as the recent Shanghai lockdown.	July 25, 2022 Produce Report
MissFresh Announces 200 Million Yuan in Equity FinancingNot long after MissFresh ceased its operations in nine cities owing to financial issues, the company has secured equity funding from the Shanxi Donghui Group.	July 19, 2022 Roy G
[Press Release] Ramboos Season Sprouts at Goldenberry FarmsGoldenberry Farms has unveiled its new Ramboos line of branded rambutans in North America.	July 18, 2022 Produce Report
After Posting Record Losses, MissFresh Ceases Operations in 9 CitiesWith net losses of over $1.5 billion in the past four years, MissFresh has now closed its operations in nine cities.	July 14, 2022 Roy G
New Round of Layoffs at Hema FreshHema Fresh has begun a new round of layoffs, as the Shenzhen branch is fined for breaching pesticide residue standards.	June 30, 2022 Roy G
With Crisis Looming, Grocery Delivery Service Dingdong Maicai Scales BackDingdong Maicai is reducing its service in some smaller Chinese cities, apparently in a move toward profitability as the company faces delisting from the New York Stock Exchange.	June 14, 2022 Produce Report
LemonGold Brand Lemons Come to ChinaLemonGold seedless lemons will soon hit high-end supermarkets in Beijing, Shanghai and Guangzhou.	June 01, 2022 Produce Report
Thai Exports Lead Way as China’s Coconut Market Sees Continued GrowthThe growing popularity of coconuts in the Chinese beverage market has led to a surge in imports, especially from Thailand.	May 06, 2022 Roy G