Articles by 马宁宁 李俊强

Half of Foreign Retail Giants Exit China; Three Types of Enterprises Gradually Dominate

The withdrawal of foreign retailers marks the end of an era and the beginning of another. According to a survey by Southern Metropolis Daily, 12 of the 19 foreign retail giants that entered China in the past 20 years have exited, with only two performing well. As Auchan, Carrefour, and Metro exit one after another, local players like Wumart, China Resources, and Yonghui have risen to dominate the market, while new entrants like Costco and ALDI face an uncertain future.