Chinese dairy group Yili will transfer its 40% stake in Inner Mongolia Youran Farming for CNY1.4 billion and Youran will become a foreign-owned enterprise after the transaction.
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.
The Swiss food and beverage firm Nestle has signed a cooperation agreement with local government of Hulunbeier, Inner Mongolia Autonomous Region, to establish a new milk source zone.
China Resources Vanguard, the retail subsidiary of China Resources (Holdings) Company, has announced that in 2010, the company opened over 450 new stores and realized sales of CNY71.8 billion.
Sugary drinks for the Chinese populace were on the menu last week for Muhtar Kent, chairman and CEO of The Coca-Cola Company, as he announced three new bottling plants in Hohhot, Luohe and Sanshui, respectively.
Beijing-based construction and decoration material retailer Easyhome has signed an agreement with the Kundulun district of Baotou, Inner Mongolia to open a new store in this area.
High-end luxury brand 1436 has opened a flagship store in Shanghai to explore the market in Shanghai and the eastern area of China.
Retail giant Wal-Mart has announced that it will open a model supermarket in Qingshan District, Baotou.
U.K.-based Standard Chartered Bank has opened its first village bank, Inner Mongolia Helingeer Standard Chartered Village Bank, making it the first foreign bank to enter China's Inner Mongolia Autonomous Region.
Chinese supermarket chain QKL Stores announced the opening of two new supermarkets in Heilongjiang and Inner Mongolia, respectively.