date:Aug 23, 2013
Hong Kong-based analyst at JI-Asia Research Ltd, wrote in a report this month.
CRE operated 4,448 retail stores, ranging from hypermarkets to wine cellars, as of March 31, it said.
CRE and US-based Wal-Mart Stores Inc were tied in the second place last year in China's hypermarket industry with an 11 percent share each. That lagged behind the 14 percent share held by Sun Art Retail Group Ltd, which is backed by France's Groupe Auchan SA, according to Euromonitor International.
CRE's shares ros