China Resources Vanguard Co., Ltd.

China Resources Vanguard, also known as Vanguard, is a prominent retail player and one of the leading supermarket chains operated under China Resources. Established in 1984, it has firmly positioned itself as the third-largest supermarket chain in Hong Kong, boasting an extensive network of 4,866 stores across Hong Kong and several major mainland Chinese provinces and municipalities, including Guangdong, Zhejiang, Jiangsu, Shanghai, Tianjin, and Beijing. According to a 2012 report by market research firm EuroMonitor, China Resources Vanguard held a remarkable 7.8% market share in Hong Kong, competing with major players such as Wellcome Hong Kong and PARKnSHOP Hong Kong, which held 39.8% and 33.1% market shares, respectively. In a strategic move in 2013, China Resources Enterprise's supermarket chain Vanguard secured a groundbreaking partnership with British retail giant Tesco. This alliance led to the establishment of a joint venture focused on operating hypermarkets, supermarkets, convenience stores, liquor stores, and cash and carry businesses across mainland China, Hong Kong, and Macau. In line with its growth and expansion strategies, China Resources Enterprise locked in an impressive $400.00M Venture Round investment on 21 April 2022, with notable investors including CICC, BOCI, Country Garden Venture Capital, and ABC International. This substantial investment reinforces China Resources Vanguard's potential and solidifies its position as a key player in the retail industry, poised for further expansion and innovation.