Is it becoming more difficult to be a retailer in China? Aeon's latest financial report shows a profit drop attributed to higher costs in opening new stores.
The American retail giant Wal-Mart has signed a cooperation agreement with the commercial real estate firm Shanghai You You Group to open Wal-Mart's first Sam's Club in Shanghai.
Retail giant Wal-Mart will open its first outlet in Guangzhou in November 2009.
The Shenzhen-based retailer Jiahua Stores has announced the opening of the group's 14th outlet on Chinese mainland in Foshan, Guangdong Province.
Wal-Mart will open a Sam's Club in Panyu, Guangzhou and this will also be the supermarket group's first store in the city.
Guangzhou's Panyu District will welcome three new five-star standard hotel projects in Zhongcun, Nancun, and Shiqiao.