FMCG

Media Markt Opens Fourth Store In Shanghai

October 3, 2011

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



Coca-Cola To Invest USD4 Billion In China In Next Three Years

August 23, 2011

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



Gome, Tesco Form Strategic Alliance

July 19, 2011

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 To Acquire 60% Stake In Hsu Fu Chi For USD1.7 Billion

July 18, 2011

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 Korea's Lock&Lock To Launch Chinese Research Center

December 17, 2010

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.



Cadbury To Enhance Distribution In China

November 9, 2010

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.