Yonghui Supermarket To Open Six Wanda Plaza Stores In 2013
According to Luo Wenxia, vice president of Yonghui Supermarket, the company plans to open six stores at Wanda Plazas in 2013.
September 2013
China's Jingkelong Net Profit Down 37% In H1 2013
Beijing-based supermarket retailer Jingkelong published its semi-annual performance report, stating that its net profit decreased by 37.7% from CNY77.632 million in the same period of 2012 to CNY48.365 million.
H&M's 3000th Store Opens In Sichuan
H&M openned its 3,000th store in Chengdu, Sichuan, on September 15, making it also the brand's eighth store in the city.
Chinese Electronics Retailer Jumps Into Insurance Sector
Suning Commerce Group's subsidiary Suning Appliance will establish an insurance company.
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Uniqlo's Shanghai Flagship Store To Open On September 30
According to Pan Ning, global senior executive vice president of Uniqlo's parent company Fast Retailing Company Limited, Uniqlo's new flagship store in Shanghai, which is the brand's largest flagship store in the world, will be…
Bright Food May Acquire Israeli Food Maker
China-based Bright Food Group, parent company of Bright Dairy, is reportedly contacting Israel's Tunva with aims to acquire this Israeli food manufacturer for about CNY10 billion.
European Underwear Brand Exits China
Stockholm-based underwear company Björn Borg is exiting the China market.
PayPal Expands Internet Seller Protection
Online payment provider PayPal is expanding its support to sellers in Asia.
Ikea's Second Store In Beijing To Open In Daxing This Year
Swedish home supplies giant Ikea formally announced that its second store in Beijing will open at the end of 2013.