Source:
https://scmp.com/article/549240/hualian-woes-highlight-tough-marketHualian woes highlight tough market
Supermarket chain's losses come as competition heats up in crowded sector
In a sign of the intense competition in China's retail sector, one of the biggest supermarket chains yesterday announced that it had closed stores in Beijing to stem rising losses while South Korea's biggest discount store operator opened a large new outlet in Shanghai.