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MEITUAN-W Plans to Open 1K Offline Discount Supermarkets: Report
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MEITUAN-W's (03690.HK) (MPNGY.US) plans to open 1,000 stores under its offline discount supermarket brand Happy Monkey (literal translation of "快樂猴"), Chinese media reported. Their main task for the year is to refine the business model. It is understood that Happy Monkey has signed contracts for about 10 stores, with 4 already renovated and ready to open. The first store is poised to open on August 29 in Hangzhou. It is expected that about 10 stores will be opened within the year. AAStocks Financial News |
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