Swedish home supplies retailer Ikea has purchased a 300,000-square-meter area in the business district of Daxing, Beijing, via auction and the company plans to build a comprehensive shopping center there.

Apparel retailer Gap announced the opening of its first flagship store in Hong Kong, which is also its ninth store in Greater China.

Yamada Denki, one of the largest electronics retailers in Japan, is planning to open a flagship store in China.

Beijing-based supermarket chain Chaoshifa has announced plans to open a flagship store with an area of nearly 10,000 square meters in Beijing's Fengtai District.

The French male apparel brand AutaSon has opened a flagship store at the Maison Mode Changsha, marking the overall opening of all the stores on the first floor of the department store.

Chinese appliances retailer Suning has released its financial report for the first three quarters of 2008, which says from January to September 2008, the company's revenue increased by 39.94% to CNY39.1 billion and its net profits increased by 65.03% to CNY1.712 billion.