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.
Startups
Suning.com 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.
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