The relationship between Tianrunfa and RT-Mart is that of a supermarket, but they are called differently in different places.
In 2006, RT-Mart gradually unified the store names of "Bairunfa", "Jinrunfa", "Tianrunfa", "Dafuyuan" and "Chunshen Shopping Center" into "RT-Mart". ?
In 2006, RT-Mart opened "Bairunfa" in Suzhou, "Jinrunfa" in Nanjing, "Tianrunfa" in Wuxi, Zhenjiang and Huzhou, and "Chunshen Shopping Center" in Shanghai in mainland China. Some early policies and other factors restricted the stores that did not have a unified name and gradually unified them into the "RT-Mart" trademark.
As for the different names in different places in the early days, it was because the local joint venture was the majority shareholder. When they first came to the mainland, RT-Mart was the minority shareholder, so the names were not unified.
Retail industry dominance:
For a long time, RT-Mart has been a dominant presence in the retail field. At one time, RT-Mart was the only supermarket in China that could defeat Wal-Mart, with annual revenue exceeding 100 billion and more than 500 stores. Wherever RT-Mart opens, it becomes popular.
As early as 2010, it aspired to be the retail champion in mainland China, claiming that it had not closed any store in 19 years.
JD.com’s executives once organized a group to come to RT-Mart to learn from RT-Mart. In fact, there are quite a few Internet people who come to RT-Mart to study. Let me talk about it again. In 2014, Wang Xing of Meituan also took senior executives to visit RT-Mart’s headquarters in Shanghai.