British Internet Retailer Expands To Chinese Online Sector
UK-based Net-a-Porter has launched a Chinese-language website, targeting the Asia Pacific market.
March 2013
Denny's Cancels Restaurant Franchise Plans In China
American family restaurants operator Denny's Corp announced that with the joint consent of the concerned parties, Denny's has decided to cancel its cooperation with Great China International Group for the opening of franchised restaurants in…
Giorgio Armani Opens New Store In Hong Kong
Italian fashion brand Giorgio Armani opened a new store in Tsim Sha Tsui, Hong Kong, marking a new milestone for the brand's development in this international shopping paradise.
Adidas Greater China Operating Revenue Up 15%
Adidas published its annual results for 2012, stating that its revenue from the Greater China region was EUR1.562 billion, a year-on-year increase of 15% based on a fixed exchange rate.
Lenovo Extends Retail Relationship In China With Suning
Suning and Lenovo have reached a new strategic electronics retail cooperation deal lasting until 2015.
L'Oreal's Sales In China Over CNY12 Billion In 2012
L'Oreal published its financial report for 2012 in Shanghai, stating that its sales in China reached CNY12.05 billion in 2012, a year-on-year increase of 12.4%.
Alibaba's Internet Subsidiary Bypasses Retail Outlets To Sell Milk Direct To Chinese Buyers
Tmall.com, the B2C Internet shopping subsidiary of Alibaba Group, announced that it will cooperate with Danone and Nestle to launch direct sales and delivery of milk powder under six brands of the two groups, allowing…
Media Markt To Close Seven Stores In China
Media Markt China announced on its official website that the company will be closing its seven electronics retail stores in the country on March 11, 2013.
Chinese E-commerce Firm Acquires Online Fashion Startup
Chinese B2C e-commerce website Vancl.com announced that it will acquire the apparel e-commerce brand Crucco with an undisclosed amount of cash and equity.
Internet Group Buying In China Gets New Push
Following the launch of its group buying navigation service, Chinese search engine Baidu Inc. has now launched its group buying business T.baidu.com, which is currently only available in Beijing.