The Marketisation of Zhejiang's Xinghe Group
Actors involved
Zhejiang Supply and Marketing Cooperative; Xinghe Group
Problem addressed
Federation-owned enterprises lacked vitality and scale
Role of the cooperatives
Grew federation-owned enterprises through group consolidation and market orientation
Service / business model
About RMB 185.7 billion in revenue in 2024, ranking 177th among China's Top 500 Enterprises
Strength of cooperative principles
Weak: a highly market-oriented federation-owned enterprise
Replicability
Low: dependent on regional economic conditions and historical accumulation
International comparative note
A case of a large market-oriented enterprise growing out of a cooperative system