Chinese electronics retailer Suning has confirmed that the company will buy 66.67 million shares from the Japanese electronics retailer Laox at a price of JPY12 per share.

Chinese retail company China Resources Vanguard has announced its new expansion plan and said it will open 10 to 15 convenience stores in Xi'an before the end of this year.

More than 30 retailers in Beijing have started a campaign to promote energy-conservation and green products and advocate energy-conservation and green consumption.

The China Cuisine Association has announced that China's first food and beverage e-procurement management platform has been established, allowing food and beverage companies to complete procurement efficiently and inexpensively.

Beijing Municipal Business Commission has issued a circular which encourages retailers to set up online stores and virtual featured commercial streets, and to increase the number of categories of goods offered based on the offline stores.

Hang Lung Properties recently held the ground-breaking ceremony for its Tianjin Hang Lung Plaza development.