Despite the downturn in the economy, Christian Nothhaft, managing director of Watsons China, has announced that the company plans to open 120 new stores in 2009, which means opening two new stores weekly.

Chinese enterprise management software and e-business application solution provider Kingdee International Software Group has announced plans to acquire the Shenzhen-based Sunsoft Software Technology Company.

Information from Wuhan's latest Food and Drug Administrative Meeting shows that the number of retail drugstores in Wuhan dropped for the first time, a decrease of 37 drugstores compared with the same period last year.

Asian health and beauty products retailer Watsons has opened two stores in Hainan province, marking the brand's overall entry into this market.

China Nepstar Chain Drugstore has strengthened its management team with new appointments, naming Ian Wade as co-chief executive officer and William Weili Dai as the new chief financial officer.

Hebei Food and Drug Administration has announced that three drugstores would have their business licenses revoked for illegal sales of counterfeit medicines that contain stimulants.