The 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.

Despite the downturn in the economy, Christian Nothhaft, managing director of Watsons China, has announced that the company plans to open 120 new stores in 2009, which means opening two new stores weekly.

According to a sales representative from the French retail giant Carrefour, the company will sell more than 120 kinds of products at a price as low as CNY1 per item in its South China outlets.

Asian health and beauty products retailer Watsons has opened two stores in Hainan province, marking the brand's overall entry into this market.

China Nepstar Chain Drugstore has strengthened its management team with new appointments, naming Ian Wade as co-chief executive officer and William Weili Dai as the new chief financial officer.

Because of about HKD100 million debt and other financial problems, Tai Lin Radio Service, the Hong Kong-based 62 years' old appliances store announced its bankruptcy on October 17, 2008 and sales from its 13 stores have been suspended.