Consumer China

RT-Mart - aiming at the lower tiers

  • Published 12 Aug 2010

The supermarket chain reportedly made total revenues of Rmb 40.4bn in 2009, surpassing Carrefour which made Rmb 36.6bn to become the largest hypermarket by sales revenues in mainland China.

Background:Unlisted RT-Mart is 30% owned by Ruentex Development Co (9945:TPE), a Taiwan company focused on the retail and construction business. RT-Mart is mainland China's biggest supermarket chain by revenues and has a strong focus on lower tier cities. According to Hong Wankang, head of business development at RT-Mart, the company is planning to raise $800m through a Hong Kong listing, though no time frame was given.

Issue icon

Latest Issue

17 May 2012

Browse the archive

Subscribe now to access all of China Confidential

China Confidential Funds

China Confidential Funds, a new research service launched by FT China Confidential, is dedicated to illuminating the mainland fund industry. Our team of fund industry experts in Shanghai search out the interesting trends in fund performance, strategy, interactions with overseas funds, regulatory changes, distribution and management. We also use a proprietary system to track the emerging flows of Chinese money. Click here to find out more.

Find out more