Starbucks announced that it has signed an agreement with Hong Kong Maxim's Caterers Limited, Starbucks' joint venture partner in southern China, to gain a 100% stake in over half of Starbucks coffee shops in mainland China.

Jiangsu-based supermarket operator Suguo has announced its sales report for the first quarter of 2011, stating that its overall sales reached over CNY11 billion, a year-on-year increase of over 20%.

Pepsico Inc. has announced that it will build a new Chinese food manufacturing base in the Wuhan Food Industrial Processing Zone, Hubei.

China Resources Vanguard, the retail subsidiary of China Resources (Holdings) Company, has announced that in 2010, the company opened over 450 new stores and realized sales of CNY71.8 billion.

Intime Department Store has announced its acquisition of the entire interest of Hubei Wuluo at a price of CNY56.5 million.

According to a report released by the global environmental organization Greenpeace, the U.S.-based retail giant Wal-Mart has been selling genetically modified rice in China.