Chinese electronics retailer Suning has confirmed that the company will buy 66.67 million shares from the Japanese electronics retailer Laox at a price of JPY12 per share.

According to reports in local Japanese media, the Japanese electronics retailer Laox is in discussions with the Chinese home appliances retailer Suning and plans to sell parts of its stake to the latter.

Alipay, one of the largest independent third-party payment service providers in China, has formally reached an agreement with Marui Company, one of the oldest department stores in Japan.

Hong Kong-listed Lifestyle International Holdings has announced the formal opening of its Dalian Jiuguang Department Store, which is the group's first Japanese-styled department store in Dalian and its third department store in mainland China.

Anheuser-Busch InBev, Tsingtao Beer's second-largest single shareholder, has announced that it will sell 91,641,342 H shares in Tsingtao Beer for HKD19.83 per share to Chen Fashu, chairman of the Fujian-based New Huadu Industrial Group.

Japanese casual clothing brand Uniqlo has announced in Shanghai that the company has entered into strategic partnership with the Chinese online retail website Taobao.com, a subsidiary of the Chinese e-commerce group Alibaba, to open its Chinese Internet flagship store on Taobao.com.