The Chinese high-end restaurant chain South Beauty has announced the opening of a new outlet in Tangshan, Hebei province, which is also the brand's first self-owned restaurant in the province.
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MoneyGram Introduces Cash-to-Account Service With ICBC
U.S.-based MoneyGram International has introduced a cash-to-account service with Industrial and Commercial Bank of China.
China's Mengniu To Increase Gross Margin To 28% In Five Years
Lu Jianjun, vice president of the Chinese dairy company Mengniu, told local media that though the price of raw milk continues to grow, the company's gross margin will also increase year over year.
Bosideng Reports CNY330 Million Net Profit In Interim Results For 2011
Hong Kong-listed Chinese apparel company Bosideng has published its interim results for the financial year 2011, stating that by September 30 the company's revenue increased by 47.4% year-on-year to CNY2.739 billion, and its net profit surged by 196% year-on-year to CNY327 million.
Watsons 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 it expects to have 3,000 stores in the marketplace by 2016.
Wangfujing Opens First Shopping Center In Chengdu
Chinese department store operator Wangfujing has opened a new shopping center in Chengdu, capital of Sichuan province.
Fracas Causes Retail Delays For Apple's New iPhone In China
Apple suspended the sale of its iPhone 4S smartphones in its Chinese retail outlets.
Media Markt Opens Fourth Store In Shanghai
The electronics and home appliances retailer Media Markt has announced the opening of a Qibao store, its fourth store in Shanghai.
South Beauty Opens First Self-owned Restaurant In Hebei
The Chinese high-end restaurant chain South Beauty has announced the opening of a new outlet in Tangshan, Hebei province, which is also the brand's first self-owned restaurant in the province.
Ikea Will Locate Asian Flagship Store In Beijing
Swedish home supplies retailer Ikea has purchased a 300,000-square-meter area in the business district of Daxing, Beijing, via auction and the company plans to build a comprehensive shopping center there.
Watsons 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 it expects to have 3,000 stores in the marketplace by 2016.
Conrad Opens First Hotel In Mainland China
Conrad Hotels & Resorts has opened the Conrad Sanya Haitang Bay.
Fake Luxury Goods In China Targeted Via New Internet Agreement
Coach, a leading American designer and maker of luxury lifestyle handbags and accessories, has signed a memorandum of understanding with Taobao.com, the Chinese Internet shopping subsidiary of Alibaba Group, to prevent the sale of fake Coach products on this Chinese website.
China's 360buy.com Launches Overseas Sales Business
Liu Qiangdong, chairman and chief executive officer of the Chinese Internet B2C shopping website 360buy.com, has announced the official launch of a new overseas sales business.
NetEase.com Closes Luxury Internet Shopping Website In China
Chinese Internet portal NetEase.com published a report, stating that it closed L.163.com, its luxury goods Internet shopping platform, on December 31, 2011.
Lianhua Supermarket to Build Large Logistics Base In Shanghai
Chinese supermarket retail chain operator Lianhua Supermarket Holdings Company Limited announced plans to invest over CNY800 million to build a large modern logistics system in Jiading, Shanghai.
