BeStore announced to increase capital to its wholly-owned subsidiary Hubei BeStore Food Industry Co., Ltd.; meanwhile to set four subsidiaries in Ningbo and Wuhan for food marketing, e-commerce, community services and information technology. The capital source is the owned fund of the Company.

BeStore said setting wholly-owned subsidiaries would help support main business development and expand business layout of the Company.

Analysis believes the full-channel development ability of BeStore is emerging: offline mode is mature and online channel is developing. As the moat, offline channel is the key for nationwide expansion. The capital increase and new subsidiaries show the determination of nationwide expansion of BeStore.