Zhong Bai Group And Yonghui Supermarket Expand The Retail Market.

In October 13th, the two companies announced at the same time that the two sides had signed a strategic cooperation agreement. They plan to establish a strategic cooperation mode of mutual priority and mutual benefit in establishing the procurement bidding system and joint procurement team, developing logistics bases and Chongqing regional business cooperation, and establishing an exchange learning mechanism.

"This is also the first strategic cooperation between Wuhan commercial enterprises and their peers."

A brokerage analyst who has long been concerned about Wuhan's business has analyzed the twenty-first Century economic report reporter. Wuhan's business started early and matured, and the three major commercial enterprises in Wuhan, namely, e Wu Shang, Wuhan Zhongshang and Zhongbai group, were stationed in competition for a long time, forming a strong regional barrier.

In the past market competition, although other foreign peers want to enter the Wuhan market, their final results are not satisfactory.

The relationship between China 100 group and Yonghui supermarket is somewhat embarrassed to the outside world.

At the end of November 2013, Yonghui supermarket officially announced its plan to increase its holdings.

After more than half a year, through its continuous holdings, so far, holding 16.91% shares of China 100 group, become the second largest shareholder of China 100 group.

In the face of this situation, the way of Wuhan state assets department is to protect the controlling stake through the way of increasing holdings.

The controlling shareholder of the Sino 100 group, Wu Shang Lian Group and its affiliated party Wuhan Hua Han Cci Capital Ltd, have increased their holdings in May 29th, accounting for 29.99% of the total share capital of the group.

"This has opened up the shareholding gap between Yonghui supermarket and Wuhan, and it also indicates that the state owned Assets Department is determined to retain the controlling stake."

The above analysts admitted that under this situation, Yonghui supermarket, even if it really has the determination to fight for the holding power of the hundred group, also needs careful consideration.

Because retail industry is different from other industries, it has strong dependence on the local supply chain system, brand and so on. This is also one of the reasons for the relatively obvious regional characteristics of retail business.

Earlier, Yintai group had fought for the controlling power of Wuhan's state-owned enterprises with the State-owned Assets Department of the state of Hubei. However, from the final actual situation, it failed to take control of the stock rights, and thus lost the opportunity to rely on local resources and missed the opportunity to develop in Hubei. So far, Yintai's development in the province has not had a good prospect.

Yonghui supermarket's practice is relatively ingenious. Its way of increasing its holdings proves its own strength and sincerity to Zhong Bai group. When it has the conditions for negotiating with the State Assets Department of Wuhan, the cooperation between the company and the China 100 group is more logical.

Another

Local businesspeople pointed out that from the perspective of the market environment, whether traditional department stores or supermarkets and warehousing businesses are now under the impact of the Internet industry, although the 100 group has already set foot in e-commerce, its performance is not obvious from the actual operation.

As a private capital enterprise, Yonghui supermarket has been relatively successful in capital operation and national development in recent years, and its accumulated experience can complement each other.

For Wuhan's State Assets Department, another task is the system.

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Now, after the change of company management, the task of reform of mixed ownership in Wuhan's state owned Assets Department is also stepping up, and cooperation with Yonghui supermarket will be allowed to become a pilot of mixed reform, which will provide new ideas for Wuhan's business restructuring.

This time, the two sides are

It is clear that business cooperation in Chongqing will be carried out.

"This is a great temptation to China 100 group," the analysts pointed out. In addition to the main battlefield, Hubei, China 100 group has tried Chongqing to expand the provincial market, and China 100 group has many warehouses in the local layout, but because of its acclimatization, its business performance is very poor. The 100 group has closed down some of the warehouses and converted some supermarket stores, but from the actual operation, Chongqing region is still showing a loss situation.

If you can join hands with Yonghui, it is good for Zhong Bai group to stop the market in Chongqing.