News from a commercial working meeting in Wuhan is that in 2010, the city will launch a series of measures to optimize its business functions, to improve the quality of consumable items for citizens, and to achieve over 15% growth of total retail sales.

Chinese Internet shopping website Taobao.com has announced that it has cooperated with its sister company Alipay.com and Bank of China in the launch of a co-branded credit card.

The Guangzhou-based department store retailer GrandBuy has opened its first outlet in Shenzhen.

Chinese sports supplies brand Lining has said that it will open its first store outside the Asia region in the United States in January 2010.

Inspired by a dramatic increase in sales in the Chinese market, the global electronics retailer Best Buy has announced that it plans to open ten to fifteen new stores in China in 2010.

Burger King Corporation, the global fast-food chain, has opened its 12,000th restaurant, and it's located in Beijing's Joy City.