DALIAN, China -- Chinese supermarket chain Yonghui Superstores will sell its 1.4% stake in a property investment unit of mall giant Dalian Wanda Group, looking to increase asset efficiency as its stores struggle from the spread of online shopping.
China debt crunch
China's No. 2 supermarket chain sells stake in Wanda unit
Growth of online shopping in pushes Yonghui to shed assets
Yonghui Superstores is China's second-largest supermarket chain by sales after Walmart. © Reuters
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