Sam's Club To Open Flagship Store In Shanghai
Wal-Mart announced via its official WeChat channel that Sam's Club will launch a flagship store in Shanghai and it is expected to open in 2021.
March 2020
Chow Sang Sang Net Profit Down 36% In 2019
Chinese jewelry brand Chow Sang Sang recently published its annual results for 2019, stating that the company's operating revenue was HKD17.736 billion, a year-on-year decrease of 6%; and its net profit attributable to shareholders was…
Junlebao Gained CNY1.2 Billion Strategic Investment From Sequoia Capital
According to reports in Chinese local media, Sequoia Capital China has formally completed its strategic investment of over CNY1.2 billion in Shijiazhuang Junlebao and the company became the largest institutional shareholder of the Chinese dairy…
Starbucks To Build Coffee Roasting Factory In Kunshan
Starbucks announced that the company would invest CNY900 million to build a "coffee innovation industrial park" in Kunshan, Jiangsu Province.
British Designer Brand Self-Portrait Enters Tmall
British designer brand Self-Portrait recently announced to formally launch its flagship store on Tmall.com.
SF Express Net Profit Up 27.24% In 2019
Chinese express delivery service provider SF Express recently published its annual performance brief report for 2019, stating that the company realized total operating revenue of CNY112.193 billion, a year-on-year increase of 23.37%; and its net…
OYO To Cut 3,000 Employees In China
According to reports in foreign media, Indian hotel start-up OYO plans to cut about 5,000 employees around the world and China will be the most impacted market where about 3,000 people may lose their jobs.
Chow Tai Fook Sales Down 49% In Mainland China In First Two Months Of 2020
Hong Kong-based jewelry retailer Chow Tai Fook recently published its main operating statistics for the first two months of 2020.