Leading retail chain operators China 2023, based on retail sales
Published by
,
In 2023, Chinese retailers Wal-Mart (China) Investment, Easyhome New Retail Group, and Suning.com Group were the leading three retail chain operators in the country, with approximately 120.2 billion yuan, 117.6 billion yuan, and 94.1 billion yuan in retail sales respectively.
Retail chain enterprises
The total retail sales of the leading 100 retail chain operators in China reached nearly 2.03 trillion yuan in 2023, increasing from around 1.94 trillion compared to the previous year. That year, only 40 enterprises among the leading 100 chain retailers recorded positive sales growth.
Suning Commerce Group
Suning Commerce Group, also known as Suning.com Group, has been the largest retail chain operator in China since 2015, with the most recently recorded annual revenue of 71.4 billion yuan. Headquartered in Nanjing, the enterprise is engaged in not only retail, but also finances, logistics, and digital services. In the retail sector, it mainly operates franchised retail shops of electronic home appliances. As of 2021, Suning Commerce Group had a total of 1,641 physical stores.
