Yum announced that its net profit decreased by 27% year-on-year to USD337 million in the first quarter of 2013, mainly attributing to the sales and profit decline in the Chinese market.
Nike's flagship store in Beijing Wangfujing's shopping area, which is the company's first flagship store in China, will be reportedly closed when its lease expires, and H&M will be the new lessee of this site.
DHL announced plans to build a fashionable customized logistics center in Jiuting, Shanghai, to provide distribution and delivery of luxury goods.
CO-RO Food, a 70-year-old Danish juice company, has built its new plant in Guangdong province.
China CITIC Bank and MasterCard have signed a memorandum of understanding for strategic cooperation in the virtual payments space within and outside China.
French retailer Carrefour has added a new greater central region department in China.
Japanese apparel retailer Uniqlo announced plans to open its largest flagship store worldwide in Shanghai by the end of 2013.
Nestle announced plans to invest at least CNY100 million to build a coffee center in China, aiming to improve coffee consumption in the Chinese market.
Nokia has shut its flagship store in Shanghai's Nanjing East Road, which is the company's largest store in mainland China.
Chinese e-commerce and online payment behemoth Alibaba Group has signed a memorandum of understanding with MasterCard.