According reports from local media, Tiens Group has closed its only supermarket in Beijing — the outlet operated under the brand name of BannerStore.

Wushang Bulk Sale Chain Company has announced the opening of its 25,000 square meter flagship store in Yichang — the largest supermarket in Hubei Province.

According to the interim results from Lianhua Supermarket Holdings Co, Ltd., the company made net profits of CNY227 million in the first half of 2008, a year-on-year increase of 61.81%.

Pasco, a Japanese bread manufacturer, has jointly announced with Itochu Corporation that the two companies will cooperate with China's Ting Hsin International Group to explore China's bread market.

The British retail giant Tesco has set up a purchase center for Asian areas in Shanghai.

Lianhua Supermarket Holdings Co, Ltd., one of China's largest retail operators, said that the company will open 15 new large-scale supermarkets every year — including two in Shanghai in 2008.