Due to the strong performance of its Chinese stores during the Chinese New Year, Wal-Mart China's total sales increased by 5.1% in the company's latest reporting period.
Wal-Mart China announced that the company has invested nearly CNY80 million in upgrading existing stores in Fuzhou, Fujian province.
Shenzhen-headquartered Rainbow Department Store published its annual performance report for 2014, stating that the company realized total operating revenue of CNY16.998 billion in 2014, a year-on-year increase of 6.02%; its total profit was CNY773 million,…
Wuhan-headquartered Zhongbai Holdings Group and supermarket chain retailer Yonghui Supermarket have signed a strategic cooperation framework agreement to implement work in resources, networks, information, and logistics to jointly develop their core businesses.
Asia's leading retail group Dairy Farm International Holdings Ltd announced plans to acquire a 20% stake in Yonghui, a Chinese supermarket chain, for CNY5.69 billion.
Latest statistics revealed by China Gold Association showed that during 2013, China's gold consumption was over 1,000 tons for the first time, reaching 1,176.4 tons.
According to Yu Gang, chairman of Yihaodian.com, this Chinese B2C e-commerce website realized sales of CNY11.54 billion in 2013.
MoneyGram has signed an agreement with Fuzhou Rural Commercial Bank.
U.S.-based nutrition company Herbalife can now conduct its direct-selling business in the southern Chinese province of Yunnan.
The Fujian Provincial Economic and Trade Commission announced that by October 2013, they will encourage the building and renovation of 500 community convenience stores, including 100 in Fuzhou and ten in the Pingtan comprehensive experimental…