China Economic Reviewthe first of 10 in the capital to be built in a joint venture with Beijing No 1 Commerce Group. The French-based company also plans to open a further 10 stores in other locations in northern China within the next five years. Northern China was selected as its development focus because it had commissioned a […]
Guangdong Price Bureau has ordered hypermarket operators to stop selling home appliances and mobile phones at below cost, South China Morning Post said. Disciplinary action will be taken against offenders, who face fines ranging between Yn30,000 and Yn300,000. The rule was announced at a meeting attended by about 40 leading domestic and foreign retailers. The […]
Beijing's first 'US-style' shopping mall is being built in the suburbs of the city at a cost of Yn3.1bn. The 37-hectare site being developed by Da Di Group will become a shopping, entertainment and leisure complex with up to 8,000 car parking spaces. Facilities will include a swimming pool, skating rink and cinemas, in addition […]
Yakult Honsha plans to start full-scale production and sales of its lactobacillus drinks in China, reported Nikkei, adding that the Chinese market was the cornerstone of its overseas strategy. The Japanese company said it would build five new factories on the mainland over the next five years and would quadruple output at its existing plant […]
Belgian brewer Interbrew announced that it was acquiring 70 per cent of the Zhejiang based KK Brewery for US$42m. KK holds 80 per cent of the market in the city of Ningbo. This move consolidates Interbrew's position in the Yangtze delta region, following the company's purchase of an 80 per cent interest in Nanjing Brewery […]