According to the latest statistics released by the Hong Kong Census and Statistics Department, the total value of retail sales in Hong Kong in July 2008 was HKD24.2 billion, a year-on-year increase of 13.8% — higher than the 11.2% expected.

Suning, known for its electronics and appliaces stores, has announced that the company will enter the catering industry in China.

In a further move away from its old direct-to-consumer business model, Dell (DELL) has formally announced plans to sell laptop and desktop computers in Suning's consumer electronics stores and to expand its relationship with Gome, the top consumer electronics retailer in China.

Song Linlin, general manager of Yongle Shanghai, told local media on the thirteenth anniversary of the company that Yongle plans to increase the number of its stores to more than 70 and to achieve a sales volume of RMB15 billion in 2008.

Chinese electronics manufacturer Galanz joins hands with China Red Cross Foundation to carry out a charity initiative called China Red Action.

Zhang Jindong, president of Chinese electronics retailer Suning, has disclosed at a recent forum that Suning will open stores in Hong Kong in 2010 and use that as a springboard to enter the international market.