Five Star Appliance, Haier Team To Build 50 Brand Image Stores In 2017
Five Star Appliance and Haier announced a strategic deal that aims to build 50 brand image stores in 2017.
Shandong
Metro To Open First Store In Jinan
European supermarket chain Metro plans to open its first store in Jinan, Shandong province in August 2017.
Chinese Company To Buy Parent Of French Apparel Brand
Private equity firm Lion Capital and Chinese listed company Shandong Ruyi Group plan to acquire French apparel group SMCP.
Metro Adds Food Customization And Catering Services In China
According to Jeroen de Groot, China president of the German retail giant Metro AG, the group will launch a new food service distribution platform which will provide food customized procurement and processing services to hotels…
China Consumed Over 1,000 Tons Of Gold In 2013
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.
Walmart's Chinese E-Commerce Website Hits New Highs
According to Yu Gang, chairman of Yihaodian.com, this Chinese B2C e-commerce website realized sales of CNY11.54 billion in 2013.
Nestle Opens Two New Food Manufacturing Plants In China
Switzerland-headquartered food and beverage company Nestle announced that the company has opened two new food manufacturing plants in China's Shandong and Anhui, respectively, representing its confidence in the Chinese market.
Yum's KFC Under Fire For Chinese Chicken Fiasco
Lawsuits have been filed against KFC's parent company Yum! Brands Inc. by multiple entities in the U.S. over alleged breaches of fiduciary duties, insider selling, misrepresentations, and lack of disclosure related to claims that certain…
Home Appliance Subsidy Program Boosts Haier, Gree, Hisense Sales In China
In 2012, China's nationwide home appliances rural project subsidy scheme, excluding provinces and cities like Shandong, Henan, Sichuan, and Qingdao, achieved sales of 79.913 million units, a year-on-year increase of 22.6%; and the total sales…
Metro Opens 64th Chinese Outlet In Qingdao
German retail giant Metro AG announced the opening of its 64th Chinese supermarket in Huangdao district of Qingdao, Shandong province.