L'Oreal Group, the global cosmetics group, has announced in Shanghai that it made revenues of CNY8.18 billion in mainland China in 2009, a year-on-year increase of 17.6%.

Japanese beer manufacturer Asahi Breweries has announced that it plans to become one of the world's top ten food companies, through acquisition and by expanding its business in China.

Following its acquisition of the Japanese electronics retailer Laox, the Chinese electronics retailer Suning has announced plans to introduce more Japanese-made products through its outlets, starting in Shanghai.

At the behest of the State-owned Assets Supervision and Administration Commission of Shanghai, the Shanghai Bailian Group has announced plans to acquire two retailers, Shanghai Join Buy and Shanghai New World, to integrate into its retail businesses in the city.

Chinese electronics retailer Suning Appliance Company Limited has announced plans to invest HKD215 million to acquire the businesses and assets of Citicall Retail Management Limited, an electronics retailer in Hong Kong.

China Resources Vanguard, the supermarket subsidiary of China Resources (Holdings) Company, has confirmed that it has taken over Century Mart's Pangjiang store in Shenyang and Vanguard will re-develop it into a large retail supermarket.