BEIJING -- The convenience store arm of major Chinese home appliance retailer Suning.com 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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