Up to 71.3% of China's 103 million netizens have shopped or consumed via the Internet, a proportion that slightly surpasses the average 70% in the Asia-Pacific region for the first time, according to a report…
Shanghai's retail sales rose 12% year-on-year in January to RMB27.46 billion thanks to a burst in holiday spending, the city's statistics bureau said last week.
The French retailer Carrefour says it will recruit about 10,000 employees for 20 stores to be opened this year.
European retailer B&Q will open more than 100 chain stores in China by the end of 2010.
Beijing will restrict the building of large department stores this year as the Chinese capital seems to have too many already, said Cheng Hong, deputy director of Beijing Bureau of Commerce.
U.S.-based Herbalife reported record fourth-quarter net sales of US$409.0 million, an increase of 19.7% compared to the same period of 2004. The company also reported good growth in China.
AOC TPV Technology Group, one of the largest computer monitor manufacturers in the world, is in talks with retailers Dazhong and Carrefour to sell LCD monitors in their stores.
Bank of America is next month shutting down its one retail banking branch in China.
Spain's Zara, a subsidiary of Inditex SA, will open its flagship China store at Shanghai's Hua Huai Road.
A groundbreaking ceremony was held late last week for GS Caltex's first Chinese gas station in Qingdao.