Chinese electronics retailer Suning has signed an agreement with three universities in Beijing to be their designated entrepreneurial base to help university students find jobs and to improve their employment status.

Hangzhou based Chinese beverage company Wahaha has published its financial report for the first quarter of 2009 and states that its revenue increased by 37.22% year-on-year to CNY10.3 billion, a record-high increase over the past 22 years.

Ma Jialiang, CEO of the Nanjing based supermarket chain Suguo, has announced the company's development plan for 2009.

According to information from Taobao.com, the Chinese online shopping website has started the construction of its Taobao City development in Yuhang District of Hangzhou at an approximate cost of CNY1.36 billion.

According to Chen Bo, media manager of Carrefour China, the May 12 earthquake will not affect the company's investment plans for the city.