Five Star Appliance, Best Buy's subsidiary in China, is launching a strategic transformation and plans to add 11 new flagship stores before the end of 2014.
Ma Jialiang, chairman of the Jiangsu-based chain supermarket operator Suguo, said during an interview that the company will maintain its expansion speed through 2011 and plans to open 200 new sites over the coming year.
Mannings, the health and beauty chain brand of Hong Kong Dairy Farm Group, has opened its first store in Tianjin.
Hembly International Holdings plans to sell its 83.33% stake in a distribution and retail company on the Chinese mainland for CNY100 million, regardless of a loss of CNY50 million resulting from this transaction.
Li Lianwei, managing director and CEO of Lippo Limited, has announced that the company will focus on retail development in the mainland China in the future.