Sun Art e-commerce plans

Source:Reuters-Global Times Published: 2016/8/11 23:13:39

Hypermarket operator Sun Art Retail Group said on Thursday it plans to invest 1 billion yuan ($150.6 million) in e-commerce development over the next two years.

Executive Director Huang Mingduan, speaking at an earnings briefing, said he expects the company's e-commerce business to break even in 2020-21.

Sun Art, which competes with China Resources and Wal-Mart Stores Inc on the Chinese mainland, posted a 2.7 percent decline in first-half profit year-on-year.

Posted in: Companies

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