American fashion brand Calvin Klein has announced plans to open 60 new chain stores in Asia in 2010, mainly targeting its expansion in the Chinese market.

Chinese home appliances retailer Suning has published its financial report for the first half of 2009, stating that its net profit increased by 14.65% year-on-year to CNY1.262 billion.

Chinese electronics retailer Suning has published its annual financial report for 2008, which reports its net profits increased by 48.09% year-on-year.

According to data published by the Bureau of Statistics of Shanghai, retail sales for 2008 in Shanghai increased by 17.9% to CNY453.714 billion.

According to Emesto Tanmantiong, president of Jollibee, the Philippine fast food chain plans to increase the number of restaurants it owns in China to 1,000 in the next five years.

Suning has released its report for the first half in 2008, which says the company achieved total revenues of CNY25.9 billion in the first six months and its net profits increased by 70.36% to CNY1.1 billion.