The Future 50

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Yonghui Superstores

Wang Zhengwei - Imaginechina/AP

    Yonghui may be a brick-and-mortar retailer, but it innovates like a tech company. This year it launched an offshoot called Yonghui Mini—a network of small, fresh-food groceries that are supplied by a larger central supermarket. It’s likely that style of thinking attracted tech superstars JD.com and Tencent to invest. Those Internet-savvy backers will help Yonghui advance into the world of “new retail.”

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    Company Information

    Overall Score14
    SectorConsumer Staples
    IndustryFood and [hotlink]Staples[/hotlink] Retailing
    CEOBen Keswick
    Websitewww.yonghui.cn
    HQ LocationFuzhou, China
    CountryChina
    Revenues ($M) (Past 12 Months)$11,325
    Profits ($M) (Past 12 Months)$281
    Market Value as of Oct. 9, 2019 ($M)$11,969
    Employees92,047