Chinese hotpot chain Little Sheep has announced that it has completed the integration of eight additional franchise restaurants, increasing the number of self-managed restaurants it owns to 143.

Chinese time-honored steamed stuffed bun brand Goubuli has signed a letter of intent with Taiwan Jianhua Group to jointly open Goubuli's first restaurant in Taiwan's Taichung city.

Meet Fresh, one of the leading dessert shop chains in Taiwan, has set up its headquarters in Shanghai and will open its first directly-managed shop in the city before the end of this year.

Fast food franchising giant Subway has opened its first restaurant in Hongyadong, Yuzhong District, Chongqing.

Japanese bathroom products and tiles manufacturer Inax has opened its largest Chinese flagship store in the Huaihai Road business area, Shanghai.

Beijing-based retailer Jingkelong has published its annual report for 2008, which states that its total revenue increased by 18.7% year-on-year to CNY6.694 billion while its net profit increased by 25.8% year-on-year to CNY157 million.