Prada has announced plans to open 50 new stores in China in the next three years.

Zhejiang-based Chinese shoe maker Aokang has announced plans to launch an initial public offering in Shanghai and issue 81 million shares in the Shanghai Stock Exchange.

Taiwan-based supermarket retailer Rt-Mart has submitted an initial public offering application to Hong Kong Exchanges and Clearing Limited, aiming to get listed within 2011 and gain USD1 billion for store expansion.

According to local media reports, the Italian luxury brand Prada is researching the possibilities of launching initial public offering in Hong Kong in the first half of 2011.

Taiwanese supermarket retailer Rt-Mart reportedly plans to raise up to USD800 million through an initial public offering in Hong Kong.

Carpenter Tan, the Chinese maker, distributor, and retailer of small wooden products, has opened a craftsmanship hall in Nanbin Road, Chongqing.