In 2025, Chinese retailers Wal-Mart (China) Investment, Hema (China), and Busy Ming Group were the leading three retail chain operators in the country, with approximately billion yuan, billion yuan, and billion yuan in retail sales respectively.
Retail chain enterprises
The total retail sales of the leading 100 retail chain operators in China reached nearly trillion yuan in 2025, decreasing from around trillion yuan compared to the previous year. That year, the leading 100 chain retail operators owned more than retail outlets.
Suning Commerce Group
Suning Commerce Group, also known as Suning.com Group, has been one of the largest retail chain operators in China, with the most recently recorded annual revenue of billion yuan in 2025. Headquartered in Nanjing, the enterprise is engaged in not only retail, but also finances, logistics, and digital services. In the retail sector, it mainly operates franchised retail shops of electronic home appliances.