Sun Art Retail is a leading retailer with hypermarket and fast-growing E-commerce businesses in China. Sun Art Retail operates its hypermarket business under two recognized banners - "Auchan" ( 歐 尚 ) and "RT-Mart" ( 大 潤 發 ). As of 31 December 2017, Sun Art Retail had a total of 461 outlets in China with a total gross floor area ("GFA") of approximately 12.46 million square meters, covering 226 cities cross 29 provinces, autonomous regions and municipalities. The Group reinforced the B2B business and O2O business by leveraging over 400 mortar stores which encompassed over 200 cities across the country.
On 20 November 2017, Alibaba Group Holding Limited ("Alibaba Group"), Auchan Retail International S.A. and Ruentex Group announced a strategic alliance that brings together the online and offline expertise to explore new retail opportunities in China's food retail sector. As part of this strategic alliance, Alibaba Group invested a total of approximately HK$22.4 billion to obtain an aggregate direct and indirect stake of approximately 36.16% in Sun Art Retail Group Limited.
The priorities of the Group are to reinvent the hypermarket complexes, to explore and deploy multi-formats, and to become a leading phygital innovator and a model of New Retail with not only omni-channel and multi-format but also O2O and B2B.
updated 29th June, 2018
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