Electronics and home appliances retailer Suning and the home appliances maker Midea have reportedly signed a three-year strategic cooperating agreement, and the two parties will implement binding development over the next three years.

According to McDonald's China, the international fast food chain opened 200 new restaurants in China in 2011, marking a new expansion record in the country.

China Unicom, the exclusive operator partner for Apple's iPhone smartphones in China, has announced the contracted prices for iPhone 4S, starting at CNY5,880.

Chinese Internet portal NetEase.com published a report, stating that it closed L.163.com, its luxury goods Internet shopping platform, on December 31, 2011.

Chinese Internet portal NetEase.com has launched a new coupon platform, Quan.163.com, marking its latest online move following the unveiling of its recent lottery and insurance e-commerce businesses.

Chinese supermarket retail chain operator Lianhua Supermarket Holdings Company Limited announced plans to invest over CNY800 million to build a large modern logistics system in Jiading, Shanghai.