- Business
- Renrenle Commercial Group Co., Ltd. (002336: SZ) operates a chain of commodity retail stores principally through leased hypermarkets under the Le Supermarket brand, boutique supermarkets under the Le Super brand, community lifestyle supermarkets under the Le Life brand, department stores, and other physical formats across China. The company retails food, fresh produce, washing supplies, household appliances, textiles, daily necessities, and department store merchandise to general consumers in provinces including Guangdong, Shaanxi, Sichuan, Tianjin, Chongqing, Guangxi, Fujian, Hunan, and Jiangxi; it also maintains an online shopping platform. Founded in 1996 and headquartered at 2/F, Main Building, North Zhoushi Road, Shenzhen, China, Renrenle employs approximately 2,066 people and generates all sales domestically, with retail industry revenue declining to CNY 1.22 billion in 2024 from CNY 5.43 billion in 2020 amid e-commerce pressures and store rationalization. Recent major changes include the divestiture of Guangzhou Renrenle Supermarket Co., Ltd. to Chengdu Huishunduo Trading Co., Ltd. for CNY 1, completed on December 30, 2024, following a letter of intent in October 2024, as part of ongoing asset streamlining given the subsidiary's CNY 415.87 million net liabilities as of April 2024; the company delisted from the Shenzhen Stock Exchange in July 2025 after significant share price erosion and was dropped from indices like the Shenzhen Stock Exchange Composite and S&P Global BMI earlier in the year.