China Resources Enterprise may launch operation in Shanghai

11/30/2009 | Wall Street Journal, The

China Resources Enterprise, a retail-focused conglomerate that operates more than 2,600 outlets in China, is considering opening supermarket operations in Shanghai. The move would be the company's first in the Chinese city. Frank Lai, the company's CFO, said China Resources has not decided whether to open its own retail locations or enter the market through an acquisition.

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Wall Street Journal, The

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