Walmart's Chinese E-Commerce Website Hits New Highs
According to Yu Gang, chairman of Yihaodian.com, this Chinese B2C e-commerce website realized sales of CNY11.54 billion in 2013. At the same time, Yu announced the company's five major strategies for...
View ArticleChina Consumed Over 1,000 Tons Of Gold In 2013
Latest statistics revealed by China Gold Association showed that during 2013, China's gold consumption was over 1,000 tons for the first time, reaching 1,176.4 tons. This marks a year-on-year increase...
View ArticleFujian Will Subsidize 500 Community Convenience Stores In 2013
The Fujian Provincial Economic and Trade Commission announced that by October 2013, they will encourage the building and renovation of 500 community convenience stores, including 100 in Fuzhou and ten...
View ArticleHerbalife Gains New Chinese Direct-Selling License
U.S.-based nutrition company Herbalife can now conduct its direct-selling business in the southern Chinese province of Yunnan. China's Ministry of Commerce granted Herbalife the Yunnan license, which...
View ArticleOverseas Chinese Can Now More Easily Wire Money Back To Fujian
MoneyGram has signed an agreement with Fuzhou Rural Commercial Bank. Based in Fuzhou, one of the largest cities in the Fujian province, the agreement enables convenient money transfer service access...
View ArticleDairy Farm Acquires Yonghui Supermarket Stake For CNY5.69 Billion
Asia's leading retail group Dairy Farm International Holdings Ltd announced plans to acquire a 20% stake in Yonghui, a Chinese supermarket chain, for CNY5.69 billion. Graham Allan, chief executive...
View ArticleZhongbai Group Forms Strategic Partnership With Yonghui Supermarket
Wuhan-headquartered Zhongbai Holdings Group and supermarket chain retailer Yonghui Supermarket have signed a strategic cooperation framework agreement to implement work in resources, networks,...
View ArticleRainbow Department Store Net Profit Down 12.52% In 2014
Shenzhen-headquartered Rainbow Department Store published its annual performance report for 2014, stating that the company realized total operating revenue of CNY16.998 billion in 2014, a year-on-year...
View ArticleCNY80 Million Investment Aids Wal-Mart's Fuzhou Upgrades
Wal-Mart China announced that the company has invested nearly CNY80 million in upgrading existing stores in Fuzhou, Fujian province. Wal-Mart entered the Fuzhou market in 2000 and the retailer...
View ArticleClik here to view.
Wal-Mart China Sales Up 5.1% In Q1 2016
Due to the strong performance of its Chinese stores during the Chinese New Year, Wal-Mart China's total sales increased by 5.1% in the company's latest reporting period. Wal-Mart released its financial...
View Article