August 2006

Super 8 Hotels has announced the official opening of its first hotel in Fujian Province.

Chinese budget hotel chain Home Inn has opened three new hotels in Qingdao during this year's Qingdao Beer Festival.

Yesterday Wal-Mart celebrated the grand opening of Wal-Mart Supercenter Danxia Road Store, its first store in Zhangzhou, Fujian Province.

Both international and domestic budget hotels have recently increased their expansion in Fuzhou market.

American home electronics retailer Best Buy is now busy recruiting employees for its first store in China, which is going to be open at the end of this year.

Weng Yideng, vice president of Starbucks China Management Company, has disclosed that Starbucks China will soon separate from its Starbucks Asia Pacific Headquarters to open a headquarters of its own in China.

A recent report released by China's FMCG Research Center on suppliers' satisfaction with retailers shows that most goods suppliers complain Carrefour is overcharging them.

Rt Mart has signed agreements with the Nanchang Municipal Commerce and Trade Commission and Jiangxi Hengmao Real Estate Company to open shops in Nanchang, Jiangxi Province.

Home appliance retailer Dazhong is planning to sell itself for RMB3 billion and it is discussing stock transfers with three home appliance retailing giants Suning, Best Buy and Gome.

Japanese department store Isetan is planning to set its first Beijing store in the Xidan shopping area.