The Kunming National Hi-Tech Industries Development Zone State-owned Assets Operation Co., Ltd., Kunming Hi-Tech Taoji Real Estate Development Co., Ltd., and Concord Champion International Ltd signed a strategic cooperation agreement on Tuesday on the entry of RT-Mart in the zone’s Golden World project, which means a top hypermarket in China will soon open in the Kunming Hi-Tech Zone.

According to a research report by Kantar Retail, an international market research, insight, and consultancy company, there has been an increase in the demand for consumer goods in recent years and big developments in the retail industry in China. RT-Mart, the second largest retailer in China (after Wal-Mart), has huge potential and is expected to become the most powerful retailer in five years.

The entry of RT-Mart in Golden World at the Kunming Hi-Tech Zone will improve the merchant quality of the project. Also, it contributes to the construction of commercial facilities, enlivening commerce in the zone. RT-Mart will become the biggest hypermarket in the zone, with the best consumption environment and the highest management level. RT-Mart is expected to boost economic development as well as improve social projects in the zone.

By Shi Zihan and edited by Nelly Min