Shanghai Municipal Bureau of Statistics has published its latest retail statistics, stating that Shanghai's consumer retail sales reached CNY445.764 billion in the first nine months of 2010, a year-on-year increase of 17.6%.
Shanghai World Expo
Spanish pizza giant Telepizza and the bakery chain Christine have signed a letter of intent to set up a joint venture for their expansion in the Chinese market, with each party owning a 50% stake.
With the official operation of the new 96,000-square meter terminal building in Hangzhou Xiaoshan Airport, China Duty Free Group announced that its two high-end retail stores in the airport have been launched.
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.