Sun Art Retail is a leading retailer with hypermarket and fast-growing e-commerce businesses in China. Sun Art Retail operates its business with hypermarkets, superstores and mini stores under RT-Mart, RT-Super and RT-Mini. As of 31 December 2020, Sun Art Retail had a total of 484 hypermarkets, six superstores and 24 mini stores in China with a total gross floor area (“GFA”) of approximately 13.07 million square meters, covering 232 cities across 29 provinces, autonomous regions and municipalities.
On 19 October 2020, Taobao China Holding Limited (“Taobao China”) announced the completion of acquiring 70.94% of A-RT Retail Holdings Limited (“A-RT”)’s issued share capital. A-RT holds approximately 51.00% of the issued share capital of Sun Art Retail Group Limited (the “Group”) and therefore has become the ultimate controlling shareholder of the Group. The two parties will integrate online and offline professional capabilities to jointly explore new retail development opportunities in China's retail industry.
Sun Art’s main development strategy is “to synchronize hypermarkets, superstores and mini stores, integrate online and offline business, develop multi-formats and omni-channels”, and to become a leader in digital transformation and a benchmarking enterprise for New Retail.