Coach, a leading American designer and maker of luxury lifestyle handbags and accessories, has signed a memorandum of understanding with Taobao.com, the Chinese Internet shopping subsidiary of Alibaba Group, to prevent the sale of fake Coach products on this Chinese website.

Citi announced that its Global Transaction Services business has launched an extension to its Express Wire service for payments to Asia.

Months after the gray market in China starting selling both iPad clones and the real devices, Apple officially began selling its tablet computer in China via its own retail shops and those of its partners last Friday, September 17.

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

According to foreign media, Apple's unlocked iPhone with 3G function is being sold in the company's online retail store in Hong Kong.

According to a report in First Financial Daily, Aokang Group, China's biggest private footwear enterprise, has opened its first overseas specialty store in New Delhi, India.