Brand sportswear distributor and sportswear retail business operator Pou Sheng International (Holdings) Limited has announced that it will invest CNY170 million to acquire a 50% stake in Zhejiang Yichuan Sports Supplies Chain, which mainly operates a sports supplies retail business in China.

The UK-headquartered retailer Tesco has held its first forum for climate change and the sustainable development of the retail industry in Shanghai, announcing that it plans to reduce the carbon emission of its Chinese business by 10% in the 2010 fiscal year.

Chinese supermarket and convenience store operator Lianhua has published its semi-annual financial report for the first half of 2010, stating that its net profit increased by 22.8% year-on-year to CNY326 million and its profit per share was CNY0.52.

Chinese goat milk producer Yayi International Inc. announced its financial results for the first quarter of fiscal 2011 ended June 30, 2010.

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.

Four government departments in Beijing — Beijing Municipal Commission of Commerce, Beijing Municipal Commission of Development and Reform, Beijing Municipal Commission of Urban Planning, and Beijing Administration for Industry and Commerce — have jointly announced a development guidance catalog for Beijing's distribution industry in 2009.