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.

Wal-Mart has opened a new outlet, its 148th store in China, on the second and third floors of Changshan Lake Shopping Plaza in Changle city, Fujian.

Anheuser-Busch InBev, Tsingtao Beer's second-largest single shareholder, has announced that it will sell 91,641,342 H shares in Tsingtao Beer for HKD19.83 per share to Chen Fashu, chairman of the Fujian-based New Huadu Industrial Group.

Wal-Mart China is said to have begun a program to optimize the structure of its middle level management.

According to reports in local media, the U.S. footwear giant Nike has decided to close its shoe plant in Taicang, Jiangsu.

In accordance with China's Administrative Measures for Tobacco Monopoly Licenses, foreign retailers — including Carrefour and Metro — have stopped selling tobacco products in their Chinese outlets from the beginning of 2009.