China Resources Vanguard

China Resources Vanguard Company Limited
华润万家超级市场有限公司

Logo on refurbished Mainland stores
Logo on Hong Kong stores. An identical design, with the name in Simplified Chinese, was formerly used on Mainland stores
Company type	State-owned enterprise
Industry	Supermarket
Founded	14 February 1984
Headquarters	Shenzhen, Guangdong, China
Area served	China
Key people	Chairman Chen Lang CEO Hong Jie Chief Operating Officer, Chen Shuo Vice President Qin Dongsheng, Wang Weiyong, Lan Yi and Tang Hongtao Chief Financial Officer, Min
Products	Food, beverages, and daily necessities
Number of employees	14500 (Hong Kong accounts for 1000)
Parent	China Resources Holdings
Website	www.crv.com.cn

China Resources Vanguard, doing business as China Resources Vanguard Shop or Vanguard (simplified Chinese: 华润万家; traditional Chinese: 華潤萬家; pinyin: huá rùn wàn jiā; Jyutping: waa4 jeon6 maan6 gaa1), operates the supermarket chains of China Resources. It is the third-largest supermarket chain in Hong Kong. As of 31 December 2014, there are 4866 shops operating in Hong Kong and the mainland Chinese provinces / municipalities of Guangdong, Zhejiang, Jiangsu, Shanghai, Tianjin and Beijing.

According to market research firm EuroMonitor estimates in 2012, China Resources Vanguard supermarket market share in Hong Kong is about 7.8%. Wellcome Hong Kong's market share is about 39.8% and PARKnSHOP Hong Kong's market share is about 33.1%.^[1]

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.^[2]