Jiangsu-based Times is an operator of hypermarket and supermarket under the Times and Times Extra banners in the provinces of Jiangsu, Zhejiang, Anhui and Shandong and in the municipality of Shanghai.
The company focuses its operation in the fast-growing and affluent second and third tier cities in eastern China. Times is also increasingly focusing on large-scale hypermarket stores, rather than smaller supermarkets, due to the greater efficiency of the larger format.
Times obtained 93.28% of its revenue from the hypermarket business in 2008, up from 85.22% in 2006.
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