BEIJING - Wumart Stores, a leading Chinese retail chain, announced Tuesday it has agreed to buy most CP Lotus supermarkets in the mainland for HK$2.35 billion ($302 million). Wumart and CP Lotus, both ...

Investors who took a slice of Wumart’s share placement last week will get their money back. The stock, caught up in an apparent Beijing investigation of the company’s founder, has not traded since it ...

A HEAP of raw chickens greets customers at a Wumart store in Beijing, heaped up on a table without packaging or protection against passing sneezers. The shop front is dirty, the decor shabby and the ...

Owning up to the worst-kept secret in China, the country’s largest supermarket chain admitted on Monday that its former chairman was under investigation by Beijing authorities. Wumart announced Monday ...

HONG KONG (Reuters) – Wumart Stores Inc (8277.HK), a major Chinese retailer backed by TPG Capital, is in the final stages of talks to acquire smaller rival Times Ltd (1832.HK) for about $600 million, ...

Wumart Stores, Beijing's largest supermarket chain, said third-quarter profit leapt 53.2 per cent, driven by purchases of stakes in two retail store operators this year, higher same-store sales and ...

Beijing supermarket chain Wumart Stores plans to spend 500 million yuan on new stores and acquisitions to strengthen its position in the face of intensifying competition from foreign retailers. The ...

HONG KONG/DUESSELDORF, Germany, Oct 11 (Reuters) - German retailer Metro B4B.DE on Friday said it was in advanced talks with China's Wumart about a partnership regarding Metro's China operations, ...

Wumart Stores Inc., Beijing’s largest supermarket chain, plans to raise a net HK$1.65 billion ($213 million) placing shares to investors including a TPG-managed fund and will use the money to open new ...

HONG KONG -- When Wumart Stores Inc. announced a 24% rise in first-quarter net income at the end of April, the shares of Beijing's biggest supermarket chain didn't move, and it wasn't because ...