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Startups jimmies restaurants and bars into convenience stores

Subsidiary acquires 60 Circle Ks in Guangzhou as investors grow jittery

Suning Xiaodian might be willing to suffer three years in the red as it buys up convenience stores and puts restaurants inside them.

BEIJING -- The convenience store arm of major Chinese home appliance retailer has acquired more than 60 Circle K outlets operated in Guangzhou, Guangdong Province, by Hong Kong-based Convenience Retail Asia.

The long-established Circle K chain in the heart of Guangzhou's commercial district draws heavy customer traffic, and the acquisition is in line with Suning Xiaodian's strategy of expanding in the southern China region.

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