Discount Retail Chain's Chaohé Suàn NB (超盒算NB) mother company Freshippo (Hema) pulled off a massive financial turnaround in fiscal year 2026. The retail giant generated ¥107 billion in sales, marking its second consecutive year of profitability. To put its rapid expansion into perspective, Freshippo's growth over the past year alone was 1.36 times the entire GMV of the iconic retail format Pang Dong Lai from Henan (see our blog: China: Pangdonglai store visit in Xuchang). How

Freshippo has officially announced its entry into Xinxiang Baolong Plaza, taking over the space left by the shuttered Yonghui Supermarket! On April 1st, the Yonghui Supermarket at Xinxiang Baolong Plaza officially closed its doors. Just nine days later, Freshippo high-profilely announced it would take over the unit. Construction barriers are already up, renovations are in full swing, and the store is expected to open to the public by late June. Located just 1.5 kilometers fro

Discount Retail Chain ALDI China is virtually "overrun" in the Chinese community of Wuxi (CN) with 7.5 million inhabitants. Full shopping carts and masses crowd through the aisles. Expansion beyond Shanghai: new frontiers Building on its success in Shanghai, Aldi is now poised for broader expansion. On April 19, the retailer opened two new stores in the neighbouring Jiangsu Province cities of Suzhou and Wuxi. Shopping habits in both places are similar to those in Shanghai, en

Discount Retail Chain Aldi China has carved out a unique space in the retail landscape in Shanghai. It offers the convenience and...

Discount model "NB", supported by Freshippo, owned by Alibaba, opens franchise model (after the Pickup format franchising) with the...