New World Department Store China has acquired a real estate project for CNY287.540 million in Shenyang, Liaoning Province and plans to develop the project into its fourth directly-owned department store in the city.

Beijing Jingkelong Company Limited has published its half year report, which shows that as of June 30, 2008, the company had made net profits of CNY76.361 million, a year-on-year increase of 34.39%.

According to the interim results from Lianhua Supermarket Holdings Co, Ltd., the company made net profits of CNY227 million in the first half of 2008, a year-on-year increase of 61.81%.

According to the half-yearly report from Gome, although affected by the May 12 earthquake in the second quarter of 2008, the electrical retailer still made net profits of CNY1.15 billion in the first half of 2008, nearly double that for the same period in 2007.

Mannings, the Hong Kong retail giant, has opened its first shop in Shanghai, marking the beginning of the company's expansion in mainland China.

Far Eastern Group, a Taiwan department store retail giant, has announced plans to increase the number of its department stores in mainland China to 25 over five years.