E-Mart closes shop in China

Source: Xinhua | 2018-01-23

The South Korean supermarket chain will close its last Chinese outlet in Wuxi, Jiangsu Province next Wednesday, according to a company announcement. 

Run by Shinsegae Group, E-Mart has been in China for 20 years. It used to have nearly 30 outlets in the country. 

As of the end of 2016, E-Mart suffered accumulated losses of 900 million yuan (US$141 million) in the Chinese market.