date:Jul 09, 2013
Yonghui Superstore, a pioneering chain store that helped introduce fresh food into supermarket circulation, has partnered with State-owned Shanghai Vegetable Group Co to run a fresh food market in the city.
With an initial investment of 100 million yuan ($16.3 million), Shanghai-listed Yonghui is poised to tap into the country's largest consumer base with proximity to fresh seafood and easier access to foreign markets.
Shanghai Vegetable will control 55 percent of the joint venture, with Yongh