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Tencent has teamed up with ParknShop and Yonghui Superstores to create a new combined grocery chain ParknShop Yonghui. The joint venture, valued at US$170 million, aims to help Shanghai-listed Yonghui expand its business outside of the southern province of…
Feeling the bite from a stronger yen, Hong Kong snack chain 759 Store will shut down at least 15 outlets this year and slash its discounts from next month. The company has reported its first loss since its 2010 launch, with founder Colis Lam Wai-chun blaming…
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