Sun Art Retail
Sun Art Retail
Headquarters: Beijing, China
Listing: Hong Kong
Market cap: market cap: $12.4 billion

Sun Art, which is quickly becoming known as the Wal-Mart of China, also competes with Wal-Mart (WMT), along with French retailing giant Carrefour. All three retailers are rushing to build stores throughout China and so far Sun Art is ahead of the pack.

Sun Art raised roughly $1 billion through an initial public offering on Hong Kong's stock exchange in June 2011. At the time, the retailer said it planned to use the IPO proceeds to open new stores, which operate under the Auchan and RT-Mart names. Sun Art currently runs 230 stores in 24 out of 31 Chinese provinces. By the end of 2011, it had secured leases for 153 new stores, which will open over the next three years.

The so-called "hypermarket" retailer, similar to a big box store, is seeing explosive revenue and profit growth. Its revenue grew roughly 22% to $8 billion in 2011 with profits growing 26% to $2.1 billion.


By Maureen Farrell @CNNMoneyInvest - Last updated April 26 2012: 6:06 PM ET
Join the Conversation
China's economic growing pains

China is the world's second largest economy, but it will still take years before living conditions are on par with other developed countries.

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.