The Sweden-headquartered furniture retailer Ikea has confirmed that it will open its second outlet in Beijing in Xihongmen, Daxing district.
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Recent News by Category
Banking & Payment
Alipay Joins Hands With Japanese Retailer On Trans-border RetailingAlipay, one of the largest independent third-party payment service providers in China, has formally reached an agreement with Marui Company, one of the oldest department stores in Japan.
Business
China's Retail Sales Up 14.8% In April 2009According to statistics from the Chinese National Bureau of Statistics, the country's total retail sales increased by 14.8% in April 2009.
Clothing
Top Luxury Brand Opens Flagship Store In ShanghaiHigh-end luxury brand 1436 has opened a flagship store in Shanghai to explore the market in Shanghai and the eastern area of China.
Cosmetics
Mannings Accelerates Expansion In Mainland ChinaMannings, one of the largest health and beauty product chain store brands in Hong Kong, has announced its latest expansion plan and the company says it will increase the number of its outlets in mainland China to over 150 before the end of 2009.
Department Stores
Dalian's First Japanese-style Department Store OpensHong Kong-listed Lifestyle International Holdings has announced the formal opening of its Dalian Jiuguang Department Store, which is the group's first Japanese-styled department store in Dalian and its third department store in mainland China.
Electronics
Suning Plans To Issue Non-public Shares For New ProjectsChinese electronics retailer Suning has published a report, which states that it will issue up to 200 million new non-public shares at a price of at least CNY15 per share to raise CNY2.8 billion for eight new projects.
FMCG
P&G Opens Online Store On China's Taobao.comThe global consumer products giant Procter & Gamble has opened an online store on the Chinese Internet shopping website Taobao.com, marking the company's debut into China's Internet marketing sector.
Food & Beverage
Little Sheep Incorporates Eight Additional FranchiseesChinese hotpot chain Little Sheep has announced that it has completed the integration of eight additional franchise restaurants, increasing the number of self-managed restaurants it owns to 143.
Furnishings
Ikea To Open Second Beijing Outlet In DaxingThe Sweden-headquartered furniture retailer Ikea has confirmed that it will open its second outlet in Beijing in Xihongmen, Daxing district.
Health
Substandard Paper Products Found In BeijingThe Beijing Administration for Industry and Commerce has released its latest test results on paper products sold in the city, which show that 35 kinds of paper goods, including facial tissues and disposable paper cups sold by Beijing MerryMart Supermart Hufangqiao Store, are substandard.
Hotel & Travel
Sofitel To Open Three New Hotels In ChinaFrench-based Sofitel has announced that it has signed three new contracts for hotels in the eastern and southeastern regions of China. These new Sofitel properties are already under construction and are scheduled to begin opening from the end of 2010.
Law & Order
Market Operators Held Responsible For Illegal Use Of Plastic BagsThe State Administration for Industry and Commerce has issued an emergent circular which says that retailing markets shall be held responsible when retailers in the markets provide substandard plastic bags or plastic bags free of charge.
Logistics
Hubei: 22 Chain Medical Stores To Set Up Collective Purchase PlatformThe largest retail drugstore alliance in Hubei has been established and 22 chain medical companies in the province will jointly set up a collective purchasing platform.
Luxury Goods
Chow Sang Sang Invests HKD50 Million In New Stores In ChinaAccording to Vincent Chow, general manager for the Hong Kong-based jewelry company Chow Sang Sang, the company plans to invest about HKD50 million this year in opening new stores in mainland China.
Supermarkets
Wal-Mart Opens Convenience Stores In ShenzhenAccording to reports in local media, the U.S.-based retailer Wal-Mart has started to tap China's convenience store market with a new brand "Huixuan".
