Swedish furniture retail giant Ikea has announced that it will close its trade offices in Chengdu, Wuhan, and Xiamen and employees in these three offices will be dismissed.

Wal-Mart has set up its first vegetable direct procurement depot in the Guiyang Qingzhen Green Vegetable depot, Guizhou Province.

After much preparation, American electronics retailer Best Buy will open its second flagship store in China on August 26, 2008 in Shanghai's Zhongshan Park area.

China-based eFuture is working with Beijing Wangku Hutong Information Technology Company to launch Jindian.com.cn, a B2B platform for small to medium-size suppliers and retailers.