Wendy Zhang/ Shanghai Daily news

The Lianhua Supermarket Holdings Co Ltd, China's largest chain retailer, plans more acquisitions to gain more share of the market, said Wang Zongnan, president of the Bailian Group and also board director of Lianhua, as cited in today's Xinmin Evening News.
Lianhua reported sales volumes of nearly 10.855 billion yuan (US$1.3 billion) last year, with a net profit of nearly 216 million yuan, up 16.9 percent and 31.7 percent from a year before respectively. It has maintained the leadership in the Chinese chain industry.
Facing a more open market, Lianhua will continue to improve its supply chains and cargo transport efficiency and establish more flagship stores in a bid to make more profits in the near future, Wang said.