Spotting an overlooked niche in the market, a Chinese entrepreneur is planning to launch a range of fish wine, Xinhua reported. Sun Keman, a former fish trader based in the northeastern port... Read more
McDonald's plans to boost its mainland network to 1,000 by 2008 from its current 640 outlets, increasingly through franchising, the South China Morning Post reported, quoting Marvin Whal... Read more
In a startling mea culpa, Wang Dawei, chief executive of Mei Ya, owner of the Shanghai-based 21 Convenience Store chain, which just announced it is closing 500 of its 800 outlets, said,... Read more
China's restaurants saw sales grow by 21.4% in 2004, a sign of the country's growing affluence and increased spending power. According to figures from the Ministry of Commerce, resta... Read more
PepsiCo reported a 26% jump in its China sales in 2004 and said that it planned to maintain double digit sales growth in 2005 as it battles to gain ground on market-leader Coca-Cola. Accordi... Read more
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