Chinese home appliances and electronics retailer Gome has announced that it has signed a franchise license agreement with the 2010 Shanghai World Expo to become the authorized retailer of World Expo-related home appliances.

The global consumer goods manufacturer Procter & Gamble has announced that it will invest USD248 million to build a manufacturing base in Tianjin.

Hong Kong-based jewelry company Chow Tai Fook has signed an agreement with the government of Yantian District, Shenzhen, to build its mainland headquarters there.

While most electronics companies are busily cutting staff, Chinese electronics retailer Gome has announced plans to hire 20,000 migrant workers for its four subsidiaries in China.

IBM and China's eFuture Information Technology announced the launch of a Software-as-a-Service solution for the retail distribution industry in China.

Chinese sportswear brand Li Ning has announced plans to build a manufacturing and distribution base in Jingmen, Hubei province at a total total investment of CNY3.2 billion.