A representative from the Chinese sportswear company Lining has confirmed to the local media that the company's three executives, including Chief Operating Officer Guo Jianxin, Chief Marketing Officer Fang Shiwei, and Director for the E-commerce Department Lin Li, have resigned.

Chinese sportswear company Lining has announced its performance for 2010, stating that its total revenue increased by 13% year-on-year to CNY9.479 billion.

Chinese sports supplies brand Lining has said that it will open its first store outside the Asia region in the United States in January 2010.

Chinese restaurant chain South Beauty, also known as Qiaojiangnan, has announced that the group plans to sell parts of its stake to CDH Investments and China International Capital Corporation to raise financing of CNY300 million.