Best Buy's Chinese Subsidiary Inks Retail Telecom Deal
Chinese telecom operator China Unicom and Five Star Appliance, Best Buy's electronics retail subsidiary in China, have signed a strategic cooperation agreement covering various services of China...
View ArticleChina Unicom To Sell 3G Services In Retail Outlets
Chinese telecom operator China Unicom and Five Star Appliance, Best Buy's electronics retail subsidiary in China, have signed a strategic cooperation agreement covering various services of China...
View ArticleFujian New Huadu Plans To Acquire Six E-Mart Stores For CNY125 Million
Fujian New Huadu Supermarket Company Limited has published a report, stating that it plans to invest CNY125 million to acquire the entire stake in four foreign-owned enterprises of E-Mart. According to...
View ArticleWatsons Aims 3,000 Mainland China Stores In Five Years
Having entered the Chinese mainland market for over ten years, the Hong Kong skin care and health retail chain Watsons announced that the number of its stores in mainland China has reached 1,000, and...
View ArticleYonghui Superstores Announces Chinese Retail Store Data
With the opening of additional six stores, Chinese supermarket operator Yonghui Superstores' retail outlets had reached 204 by the end of 2011. During 2011, Yonghui Superstores opened 49 new retail...
View ArticleZhejiang Semir Invests CNY250 Million To Build Warehousing Logistics Base In...
Zhejiang-based apparel company Semir will build a new warehousing logistic base in Tianjin. According to the company's latest report, to meet the company's demand for fast development and improve the...
View ArticleIntime Department Store Gained Net Profit Of CNY547 Million In H1 2012
Intime Department Store has published its performance report for the first half of 2012, stating that it gained net profit of CNY547 million during the reporting period in China. According to the...
View ArticleAbbott's Chinese Baby Formula Factory Takes Shape
A top executive from Abbott recently presented at the China International Food Safety & Quality Conference 2012 and said the company is building a state-of-the-art nutrition manufacturing plant in...
View ArticleCarrefour Adjusts China Business Structure
French retailer Carrefour has added a new greater central region department in China. Prior to this, Carrefour's Chinese structure included the east China region, the north China region, the...
View ArticleChina Jo-Jo Faces Delisting In USA
Chinese pharmaceutical and healthcare products provider China Jo-Jo Drugstores Inc. was notified last week that it may soon be delisted. Nasdaq notified the company of its failure to maintain a minimum...
View ArticleWanglaoji Invests CNY298 Million For Herbal Tea Factory In Sichuan
The board of directors of Guangzhou Pharmaceutical Holdings Limited has approved Wanglaoji, its herbal tea subsidiary, to build a new factory in Ya'an, Sichuan, with an investment of CNY298 million....
View ArticleHerbalife Gains New Chinese Direct-Selling License
U.S.-based nutrition company Herbalife can now conduct its direct-selling business in the southern Chinese province of Yunnan. China's Ministry of Commerce granted Herbalife the Yunnan license, which...
View ArticleCR Vanguard Eyes 78 New Stores In East China
CR Vanguard, the supermarket operator under China Resources Group, will continue to enhance its expansion in 2014 and plans to open 78 new stores in East China. In 2003, CR Vanguard opened its first...
View ArticleAjisen Ramen Shrinks China Restaurants As Net Profit Up 76.2%
Ajisen (China) Holdings Limited, a Chinese fast food restaurant chain, announced in its annual financial report that by December 31, 2013, the company realized operating revenue of HKD3.24 billion, a...
View ArticleAbbott, Fonterra Team To Build Milk Farm In China
Abbott and Fonterra have signed an agreement to jointly build a cow breeding base in China. This is reportedly the first time for Abbott to enter the upstream milk farm sector. According to the...
View ArticleZhejiang Semir Invests CNY250 Million To Build Warehousing Logistics Base In...
Zhejiang-based apparel company Semir will build a new warehousing logistic base in Tianjin. According to the company's latest report, to meet the company's demand for fast development and improve the...
View ArticleIntime Department Store Gained Net Profit Of CNY547 Million In H1 2012
Intime Department Store has published its performance report for the first half of 2012, stating that it gained net profit of CNY547 million during the reporting period in China. According to the...
View ArticleFerrero Will Build Candy Factory In China
Chocolate maker Ferrero announced plans to build its first plant in China in the first half of 2015. The localized plant will help Ferrero reduce quality issues and cut costs. According to Ferrero's...
View ArticleRainbow Department Store Net Profit Down 12.52% In 2014
Shenzhen-headquartered Rainbow Department Store published its annual performance report for 2014, stating that the company realized total operating revenue of CNY16.998 billion in 2014, a year-on-year...
View ArticleCarrefour's Six China Distribution Centers To Be Opened Within Two Years
The world's leading supermarket retailer Carrefour announced that the company will enhance investments in logistics distribution centers in mainland China over the next two years. Carrefour's new...
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