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.

Beijing Sanyuan Food Company has won the bidding for Sanlu with a bid of CNY616.5 million at the public auction of part of Sanlu's assets held by by Shijiazhuang Intermediate People's Court.

Sponsored by Sichuan government's office in Beijing and the Sichuan Entrepreneurs Association in Beijing, Beijing Chuantotem Trading Company has been opened in Beijing.

Shandong-based Inzone has opened a new store at Jining Culture Square, which is the retail chain's second outlet in the city.

China's State Administration of Taxation is investigating the stub invoices of value-added tax paid by the three major home appliance retailers Gome, Suning and Dazhong, which are suspected of reporting decreased revenue to evade taxes.

Hebei Food and Drug Administration has announced that three drugstores would have their business licenses revoked for illegal sales of counterfeit medicines that contain stimulants.