China's Sanpower Group Bids USD173 Million For American Retailer
Following a 13-hour auction, China Sanpower Group and Sailing Capital International finally bought the American bankrupt retail giant Brookstone Holdings Corp. for over USD173 million.
auction
Ikea Will Locate Asian Flagship Store In Beijing
Swedish home supplies retailer Ikea has purchased a 300,000-square-meter area in the business district of Daxing, Beijing, via auction and the company plans to build a comprehensive shopping center there.
Alipay Joins Hands With Japanese Retailer On Trans-border Retailing
Alipay, one of the largest independent third-party payment service providers in China, has formally reached an agreement with Marui Company, one of the oldest department stores in Japan.
Sanlu Brand Sold For CNY7.3 Million
The brand of the Sanlu Group, the Chinese dairy group which was involved in the melamine scandal, was recently sold at auction for CNY7.3 million.
Sanyuan Wins Bidding For Sanlu Assets
Beijing Sanyuan Food Company has won the bidding for Sanlu with a bid of CNY616.5 million at the public auction of part of Sanlu's assets held by by Shijiazhuang Intermediate People's Court.
Hainan Airlines Cooperates With Taobao To Launch Online Store
Hainan Airlines has launched a flagship online store on Chinese Internet auction website Taobao.com.