Gaoxin Retail (06808) rose more than 5%. As of press release, it rose 5.38% to HK$1.37, with a turnover of HK$205.12,800.
The Zhitong Finance App learned that Gaoxin Retail (06808) rose by more than 5%. As of press release, it had risen 5.38% to HK$1.37, with a turnover of HK$205.12,800.
According to the news, on March 17, Gaoxin Retail revealed that Da Runfa Super Zhuhai Rongde officially opened offline. This is the first store of Da Runfa Super, a medium-sized supermarket owned by Gaoxin Retail, in Zhuhai, and the third store in this business format in South China. According to reports, since January of this year, Gaoxin Retail has accelerated store opening. Various business formats such as Da Runfa, Da Runfa Super, and M member stores will open 21 stores across the country this year.
Furthermore, a few days ago, there was news that Ali has basically decided to sell Da Runfa and Hema to COFCO. Of these, Da Runfa estimates about 10 billion yuan. To this, both Hema and Da Runfa responded: “Fake.” Notably, Alibaba Group Chairman Cai Chongxin said at an earnings conference last month: “Currently, there are still some traditional physical retail businesses on Ali's balance sheet. They are not core focused businesses, and it is reasonable for Ali to withdraw. But given the current market conditions, the exit may take time to materialize.”