China's Btg Hotels (Group) has closed the privatization purchase deal of Home Inns, which will subsequently become a wholly-owned subsidiary of Btg Hotels.
According to Luo Tian'an, chairman of the China-based bread and cake retailer Christine, to reverse its performance decline the company plans to invest CNY440 million for store renovations in the next three years.
Beijing-based supermarket retailer Jingkelong published its semi-annual performance report, stating that its net profit decreased by 37.7% from CNY77.632 million in the same period of 2012 to CNY48.365 million.
After blocking Tenpay and WeChat, two products of Tencent, JD.com announced it will end its cooperation with Sina Weibo and Alipay.
Synlait Milk Limited, Bright Dairy's subsidiary in New Zealand, was listed on the New Zealand Stock Exchange with the stock code of SML.
According to Patrizio Bertelli, president of Prada Group, the Italian luxury brand plans to open nearly 80 new specialty stores in 2013, including one flagship store in Milan and 12 stores in China.
Chen Hanyun, financial director of Carpenter Tan Holdings Limited, revealed to Chinese local media that the company plans to open new outlets in Hong Kong in 2013.
Prada has announced plans to open 50 new stores in China in the next three years.
Zhejiang-based Chinese shoe maker Aokang has announced plans to launch an initial public offering in Shanghai and issue 81 million shares in the Shanghai Stock Exchange.
Taiwan-based supermarket retailer Rt-Mart has submitted an initial public offering application to Hong Kong Exchanges and Clearing Limited, aiming to get listed within 2011 and gain USD1 billion for store expansion.