Has the bubble of Chinese buying copious amounts of luxury goods popped?
Beijing Wangfujing Department Store has published its annual financial report for 2009, stating that its operating revenue increased by 9.09% year-on-year to CNY11.099 billion.
According to Eric Legros, the president of Carrefour China, though business was affected by the riots of July 5, 2009, in Xinjiang, the company is confident about the market of Urumqi and plans to open…
Beverage company Coca Cola has announced the opening of its 37th bottling plant in China.
Master Kong Holdings Company has formally signed a cooperative agreement with Urumqi Economic and Technological Development Zone to invest USD36 million to build a food and beverage operation in the area.
Maison Mode, the international department store brand, has began the trial operation of its first flagship store in the central China area.
Carrefour has relocated its regional headquarters for Zhengzhou, Xi'an, and Urumqi; from Xi'an to Zhengzhou, Henan.