Nestle Enters Chinese Protein Powder Market
Swiss food and beverage firm Nestle announced the launch of its new Yiyang brand in China, marking its entry into the Chinese protein market.
Swiss food and beverage firm Nestle announced the launch of its new Yiyang brand in China, marking its entry into the Chinese protein market.
Swiss luxury group Richemont and the Chinese jewelry chain Chow Tai Fook have reportedly reached an agreement to establish a joint venture for the sale of high-end watches in mainland China.
Chinese B2C e-commerce website 360buy.com held the opening ceremony for its Haidian cloud computing research and development base in Yiyuan Cultural and Creative Industrial Zone, Beijing.
Chinese mainland electronics and home appliances retailer Gome has reportedly announced plans to withdraw from the Hong Kong retail market and all of its six stores in the marketplace will be closed by March 2013.
Chinese electronics and home appliances retailer Suning and the home appliances maker Hisense have signed a three-year strategic cooperation agreement for 2013-2015, under which the two parties plan to achieve sales of CNY30 billion.
Italian luxury nightwear brand La Perla recently celebrated the opening of its new flagship store in Beijing's Parkview Green with 300 invited guests.
Chinese pharmacy operator No.1 Pharmacy plans to acquire a 50% stake in Shanghai Lianhua Fuxing Drugstore Chain Management Company Limited held by Shanghai Fosun Pharmaceutical (Group) Company.
U.S. food and beverage giant PepsiCo has established a strategic partnership with the fast food provider Burger King in China.
Chinese B2C e-commerce website Vancl.com has signed an investment agreement with Tianjin Jingbin Industrial Park to build its Tianjin headquarters for CNY1 billion.
In 2012, China's nationwide home appliances rural project subsidy scheme, excluding provinces and cities like Shandong, Henan, Sichuan, and Qingdao, achieved sales of 79.913 million units, a year-on-year increase of 22.6%; and the total sales…