Due to the strong performance of its Chinese stores during the Chinese New Year, Wal-Mart China's total sales increased by 5.1% in the company's latest reporting period.
International luxury brand Louis Vuitton officially confirmed that the company will close two stores located in Shanghai and Shanxi, respectively, by the end of March 2016.
Chinese B2C e-commerce retailer Dangdang.com announced that the company plans to open 1,000 physical bookstores within three years, covering shopping malls, supermarkets, and towns.
Alibaba Group and Metro announced an exclusive strategic deal under which Metro's official flagship store will enter Tmall.com, Alibaba's B2C e-commerce platform.
Chinese B2C e-commerce platform JD.com announced that Japanese fast fashion brand Uniqlo launched an official flagship store on its website yesterday, April 17, 2015.
American leading retailer Costco has reached a strategic deal with Tmall.com, Alibaba Group's B2C website, to open a flagship store on this Chinese website.
According to Yu Gang, chairman of Yihaodian.com, this Chinese B2C e-commerce website realized sales of CNY11.54 billion in 2013.
Watsons, the health and beauty retail chain under Hutchison Whampoa, announced that the full lines of its own branded products have entered JD.com and Amazon.cn, two leading B2C e-commerce platforms in China.
According to Yan Xiaobing, vice president of the Chinese e-commerce website JD.com, the company aims at the retail sales of nearly CNY100 billion by the end of 2015.
Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard.