Posted by: Cherry Zhang on Nov 20 2009

Beijing-based retail group Wumart Stores (8277.HK) signed a contract on November 18 to extend RMB 4 billion in credit from the Beijing Agriculture and Commercial Bank over the next three years, reports 21st Century Business Herald...

Posted by: Sophia Fu on Nov 20 2009

China Resources Enterprise (0291.HK) booked profit of HK$1.04 billion in the third quarter, up 55.4% year-on-year, the company announced November 19. Revenue rose 7.8% year-on-year to HK$19.76 billion in the period...

Posted by: Kiki.yang on Nov 20 2009

Hangzhou-based Intime Department Store (1833.HK) has appointed Zou Minggui, former general manager of Shenzhen-based retailer Maoye International Holdings (0848.HK), as its new vice president and general manager of central Zhejiang region, linkshop.com.cn reported citing an unnamed insider...

Posted by: Tom Telford on Nov 20 2009

Software and service company eFuture Information Technology Inc. (Nasdaq:EFUT) made a net loss of RMB 11.38 million ($1.67 million) in the quarter ended September 30, the company's fiscal second quarter, compared with a net income of RMB 0.97 million in the same period last year, the company announced November 20...

Posted by: Ana Swanson on Nov 18 2009

Home appliance and electronics retailer Gome (0493.HK) booked profit of RMB 969.7 million in the first nine months of 2009, down from RMB 1.64 billion in the year-ago period and up from RMB 580 million in the first six months of 2009, the company announced November 18...

Posted by: Sophia Fu on Nov 18 2009

Yum! (NYSE:YUM) China has opened more than 2,700 KFC restaurants, 440 Pizza Hut restaurants, 80 Pizza Hut delivery locations and 18 "Dong Fang Ji Bai" restaurants, KFC's localized chain, to date, xinhuanet.com reported November 18 quoting Yum! China President Su Jingshi...

Posted by: Kiki.yang on Nov 18 2009

IBM (NYSE:IBM) will open the official online shopping mall built on its E-commerce platform for Chinese sports brand enterprise Li Ning (2331.HK), TechWeb reported November 17. Wang Yang, global Vice President of IBM and General Manager of IBM¡¯s China Development Center, also said that IBM plans to release mobile phone-based online shopping and social networking services in partnership with Arvato Systems, the report said.

Posted by: Sophia Fu on Nov 18 2009

British luxury group Burberry (LSE:BRBY) plans to expand its franchised China stores to a total of 100 in the next few years, reports xinhuanet.com quoting company CEO Angela Ahrendts on November 17. The company currently has 44 franchises in China, and a total of more than 90 sales locations in emerging markets, the report said...

Posted by: Sophia Fu on Nov 17 2009

Home appliance and electronics retailer Suning (002024.SZ) may bring forward its plan to set up 3C (computer, communication and consumer electronics) chain stores in Taiwan to next year, Nanfang Daily reported November 17...

Posted by: Cherry Zhang on Nov 17 2009

China's Ministry of Commerce is conducting an investigation into the acquisition of Chinese supermarket operator Times Ltd. (1832.HK) by Lotte Hong Kong, a subsidiary of South Korean department store operator Lotte Shopping (023530.SEO), under China's anti-monopoly law, reports Beijing Business Today...

Posted by: Tom Telford on Nov 17 2009

Branded sportswear enterprise ANTA Sports Products (2020.HK) orders grew in value by 16% year-on-year at its 2010 second quarter Trade Fair held at the end of October, the company announced November 17.

Posted by: Cherry Zhang on Nov 17 2009

According to China's Ministry of Commerce on November 16, 2.03 million new appliances or electronic products had been sold for a total of roughly RMB 8.02 billion under China's "old-for-new" subsidy program by November 16 in the program's nine trial cities and provinces, reports 163.com...

Posted by: Ana Swanson on Nov 16 2009

Beijing-based sports brand China Dongxiang (Group) (3818.HK) recorded a 22% year-on-year rise in order book value of its 2010 second quarter sales fair, held in Beijing in early November, the company announced November 16...

Posted by: Ana Swanson on Nov 13 2009

Tesco (LSE:TSCO) has set up a joint venture to develop three shopping malls in north China, in Anshan, Liaoning province, Fushun, Liaoning province and Qinhuangdao, Hebei province, each of which will include a Tesco hypermarket as an anchor tenant, the company said Thursday...

Posted by: Kiki.yang on Nov 13 2009

Guangdong-based home appliance and electronics retailer Suning (002024.SZ) plans to open 100 Laox (8202.TYO) stores within its Suning-brand stores in upper-tier Chinese cities in the next three years, qq.com reported November 13...