Business Intelligence on Retailing, Franchising, and Consumerism in China Thu, 27 Apr 2017 18:38:43 +0000 en-US hourly 1 32 32 Metro To Open First Store In Jinan Thu, 27 Apr 2017 18:38:43 +0000 European supermarket chain Metro plans to open its first store in Jinan, Shandong province in August 2017. Located in Jinan's Huaiyin district, Metro's new supermarket started construction on November 15, 2016. So far, its main...]]> 0 Gome Operating Revenue Up 18.73%, Profit Down 73% Wed, 26 Apr 2017 21:58:01 +0000 Chinese electronics and home appliances retailer Gome achieved operating revenue of CNY76.695 billion, a year-on-year increase of 18.73%, during 2016. But its profit was CNY325 million, a year-on-year decrease of 73% from CNY1.208 billion in...]]> 0 Sweden's Wheelys Starts Trial Operation Of Unmanned Convenience Store In Shanghai Wed, 26 Apr 2017 20:05:29 +0000 Swedish start-up company Wheelys recently opened an unmanned convenience store which is controlled by app in Shanghai. This prototype convenience store will run around-the-clock. The Wheelys brand was established in 2014 and the company started...]]> 0 Airbnb To Double Investment In China Tue, 25 Apr 2017 22:43:15 +0000 American short-term lodging platform Airbnb recently announced that the company plans to expand its business in China and it wants to triple its employees and double its investment in this marketplace in 2017. However, no...]]> 0 Five Star Appliance To Enter Home Decoration Market With New Brand Tue, 25 Apr 2017 22:40:24 +0000 Chinese electronics and home appliances retailer Five Star Appliance formally announced plans to enter the home decoration and renovation sector with a new sub-brand named "Sigma Life". Sigma Life's main products will cover medium- and...]]> 0 Huazhu Hotels Group Net Profit In China Up 84.3% In 2016 Mon, 24 Apr 2017 08:05:46 +0000 China's Huazhu Hotels Group Ltd recently published its unaudited financial report for the fourth quarter and the entire year of 2016. Huazhu's net operating revenue reached CNY1.67 billion in the fourth quarter of 2016, a...]]> 0 Shirble Department Store To Acquire Two Properties For CNY611 Million Sun, 23 Apr 2017 17:33:53 +0000 Shenzhen-based department store operator Shirble will invest CNY611 million to purchase two properties in Shenzhen and Changsha. Shirble will pay CNY419 million for the property in Shenzhen and it will pay CNY192 million for the...]]> 0 Swinging Gold Prices Push Lao Feng Xiang's Net Profit Down Sun, 23 Apr 2017 08:33:13 +0000 0 Cloud Expo Asia and Data Centre World Return to Hong Kong with Smart IoT and Cloud Security Streams Fri, 21 Apr 2017 06:27:19 +0000 Read More]]> Ikea Plans Fourth Store In Hong Kong Thu, 20 Apr 2017 20:29:18 +0000 Dairy Farm International, parent company of Ikea's business in Hong Kong, recently revealed that Ikea plans to open its fourth outlet in Hong Kong during the second half of 2017. This new Ikea store will...]]> 0