Wal-Mart China will open about 30 high-quality stores and more distribution centers as an important step for its three-year development plan announced in October 2013, according to a recent company statement.
China's Huishan Dairy Holdings Company Limited and Netherlands' Royal FrieslandCampina N.V. have reportedly entered into exclusive talks for creating a joint venture to produce and sell infant milk formula in China.
Japanese retailer Aeon recently opened its largest Chinese shopping mall in Suzhou, marking the company's entry into the Shanghai-centered East China region.
Scott Price, current president and chief executive officer of Wal-Mart Asia, will be transferred to Wal-Mart's global headquarters in Bentonville, Arkansas, to be executive vice president and senior management executive, leading international strategy and development,…
Private equity and investment advisory firm CVC Capital Partners announced that they have gained the approval of related authorities to acquire the Sichuan cuisine restaurant brand South Beauty.
Coach maintained good sales performance in China and its total sales increased by over 25%, according to its latest financial report.