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 ...

From sportswear rip-offs to suspiciously familiar brand names such as "Wumart," China's counterfeit and intellectual property (IP) infringement problem is massive and raising questions around the ...

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 ...

China has exonerated a supermarket tycoon jailed for fraud and corruption a decade ago in the first of several retrials of convicted entrepreneurs aimed at reassuring a private sector worried by state ...

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, ...

Beijing supermarket chain Wumart Stores is planning a capital outlay of $160 million in the second half, primarily to add about 60,000 square metres of saleable area, according to director of finance, ...