According to Emesto Tanmantiong, president of Jollibee, the Philippine fast food chain plans to increase the number of restaurants it owns in China to 1,000 in the next five years.

Ikea's Nanjing store, located at the east of Kazimen Square, was formally opened on August 28.

Shenzhen Rainbow Department Store has announced that the company signed a leasing contract with Beijing Runbo Real Estate to open a department store in Lan Valley International.

Versace has announced the formal opening of its three specialty stores at Hisense Plaza, Qingdao; Seibu Department Store Futian Brand, Shenzhen; and Tower Department Store, Suzhou.

Philippine fast food chain Jollibee has began trial operation of its Shenzhen restaurant.

President Chain Store Corporation has announced that the company has formally received the franchise rights of 7-Eleven convenience stores in Shanghai and the first store in the city will be opened before the end of 2008.