date:Oct 18, 2013
es, told a news conference in Hong Kong on Tuesday that the transaction will mark the latest implementation of Wumart's expansion and growth strategy.
It (the transaction) will significantly enhance our presence in the Greater Shanghai region and further strengthen our market leadership in Northern China, which is also consistent with the company's 'go national, but region-focused' strategy, she said.
Xu said after the transaction, Wumart's sales will increase by 46.5 percent (counted as of th