The electronics and home appliances retailer Media Markt has announced the opening of a Qibao store, its fourth store in Shanghai.

Coca-Cola has announced plans to invest USD4 billion in China over the next three years to further expand the Chinese market.

Chinese home appliances and electronics retailer Gome has signed a strategic cooperation agreement with Tesco Property in Beijing, and the Chinese retailer and its home appliances products will fully enter Tesco Property's Lifespace shopping centers.

Nestle has signed an agreement with the founding family of Hsu Fu Chi International to acquire a 60% in the Chinese food company for USD1.7 billion.

South Korean fast moving consumer goods giant Lock&Lock has revealed that it plans to launch a new research and development center in China in 2011 and to develop 1,000 new products every year to meet the demands in the Chinese market.

Lorna Davis, chairman and president for Kraft Foods China, said that the company plans to enhance the distribution of its Cadbury products in China and will increase the number of its distribution sites to about 40 Chinese cities in the next two years.