US retailer Home Depot may make a move into the Chinese market this week, the Financial Times reported. The giant home improvement retailer plans to pay US$100 million for a majority stake in HomeWay, ending two years of planning. Home Depot, from the US, would then go head to head with the UK's Kingfisher, which under the B&Q banner has been operating in China since 1999 and has more than 50 stores. HomeWay was set up in 1996 by entrepreneur Du Sha and runs 14 warehouses in northern China. It is one of the largest chains in the fragmented market, the newspaper reported. According to Euromonitor International, China's consumer market will be worth US$596 billion by 2010, up from the current US$430 billion.