Chinese hot pot restaurant chain Little Sheep has announced that it is selling its 69% stake in Little Sheep U.S. to Wang Fang, the director of Little Sheep's previous subsidiary in Canada, for USD345,000.

The Industrial and Commercial Bank of China has reached an agreement with the Bank of East Asia on an equity transaction, in which ICBC will acquire a 70% stake in the Canadian subsidiary of BEA for CAD80.25 million.

International sports apparel maker Nike has announced plans to invest USD99 million to build a new distribution center in the Taicang Economic Development Area, Jiangsu, to reinforce its future development in China.

The U.S. electronics retailer Best Buy has published a report, which states Five Star Appliance, a Jiangsu-based Chinese electronics retailer, has now become a wholly foreign-owned company.

Debauve & Gallais, the French leading chocolate maker, has opened a theme shop in Kuanxiangzi Alley, Chengdu — their first theme shop in China.

Little Sheep, the Chinese hot pot chain restaurant, has opened its first flagship restaurant near the Military Museum in Beijing.