China Resources Vanguard

China Resources Vanguard, doing business as China Resources Vanguard Shop or Vanguard, operates the supermarket chains of China Resources. It was the third-largest supermarket chain in Hong Kong. As of 31 December 2014, there are 4866 shops operating in the Chinese provinces / municipalities of Guangdong, Zhejiang, Jiangsu, Shanghai, Tianjin and Beijing.
On 18 August 2013, China Resources Enterprise's supermarket chain Vanguard and British supermarket Tesco signed a "memorandum of understanding", intending to set up a joint venture interest group in mainland China, Hong Kong and Macau, operating hypermarkets, supermarkets, convenience stores, liquor stores and cash and carry businesses. China Resources Enterprise took an 80% share and Tesco took a 20% share.

History

1984: China Resources Supermarket, former name of China Resources Vanguard, was founded.
1991: CR Supermarket opened its first store in Mainland China.
2001: China Resources acquired a 72% stake in Shenzhen Vanguard Super Department Store. China Resources Supermarket merged with Shenzhen Vanguard Super Department Store.
2002: China Resources fully acquired Shenzhen Vanguard Super Department Store and renamed it as China Resources Vanguard Shop.
2005: Introduction of new sunflower logo.
2007: China Resources Holdings acquired Tianjin company China Resources Supermarket Chain.
2010: The first blt boutique supermarket opened.
2012: Vanguard launched new brand "V+ urban boutique supermarkets".
2013: Set up joint venture with Tesco.
2015: Sale of supermarket business to improve the performance of China Resources Enterprise. Opened first U Select by Tesco store in Hong Kong.