June 2006

Jewelry company LJ International says its ENZO Division is continuing to exceed all internal and external expectations on both an operational and financial basis.

A representative from Bertelsmann has disclosed to local media that Bertelsmann has already closed 11 outlets in Beijing, which accounted for 70% of the company's total outlets in the region.

Costa, the biggest coffee retailer in Britain, announced that it will enter the Chinese market next year and develop about 300 franchisees in China in the following five years.

Following its acquisition of Ningbo Ci Ke Long Supermarket for RMB280 million, CR Vanguard says it will further acquire three supermarkets in Zhejiang Province.

Wal-Mart is planning to work with GE Capital and Shenzhen Development Bank to launch its own credit card in China. The new credit card will be the first of its kind ever launched by an…

Intel has signed a cooperation agreement with Gome, one of China's largest electronics retailer, to push digital home equipment to consumers.

Attracted by the burgeoning budget hotel business in Guangdong, Guangzhou Lingnan International Group has launched a budget hotel brand of its own.

Swedish retailer H&M says it will open its first store in China next year.

Kentucky Fried Chicken (KFC) is changing the interior decoration of its stores in Beijing to make them more entertaining and relaxing in order to meet the market demand for leisure consumption.

China Resources Vanguard has signed a cooperation agreement with Ningbo Fubang Holdings for investing RMB100 million into the retail sector of Ningbo.