Gome Electrical Appliances Holding Limited published its performance report for 2015 and showed that Gits listed company realized sales of CNY64.6 billion, a year-on-year increase of 7%; and its net profit was CNY1.2 billion, which…
WoWo Limited has signed a merger agreement with Join Me Group (HK) Investment Company Limited to form a restaurant and hotel Internet group named JM WOWO, which is headquartered in Hong Kong.
Chinese fresh fruit e-commerce provider Fruitday.com announced that the company has completed its series C financing of USD70 million.
Chinese B2C e-commerce group JD.com announced that the company has reached a deal with cosmetics retailer Sephora to open the largest cosmetics flagship store on JD.com.
Japanese retailer Aeon is selling its warehouse property in Hong Kong.
Suning Commerce Group has been expanding quickly past being only an electronics retailer.
7-Eleven will reportedly open two new stores in the city, marking the brand's formal entry into Chongqing.
Chinese supermarket operator Yonghui revealed that the company is preparing for two new outlets in Shanghai, and they are expected to open at the end of December 2013.
Wal-Mart plans to expand its existing distribution center in Shenzhen to 300,000 square meters as it more closely adheres to its model in America and other developed countries.
Scott Price, president and chief executive officer of Wal-Mart Asia, revealed at an investor meeting that the company plans to close 25 underperforming stores in China during 2014.