Herbalife 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...
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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...
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