Marriott International said that its merger with Starwood Hotels & Resorts Worldwide cleared the Ministry of Commerce of China, so the companies have now consummated their hospitality marriage.
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JD.com To Close Paipai.com By End Of December
Chinese B2C e-commerce operator JD.com announced that they will stop services at Paipai.com on December 31, 2015, and after a three-month transition period the website will be completely shut down by April 1, 2016.
Gome To Acquire 578 Retail Stores From Controlling Shareholder
Gome Electrical Appliances Holding Limited published a report that the company has reached a revised agreement to acquire retail assets owned by its controlling shareholder Huang Guangyu for HKD9.095 billion.
China's Social Consumer Retail Sales Up 10.8% In August 2015
According to statistics published by National Bureau of Statistics of China, the country's social consumer retail sales reached CNY2.489 trillion in August 2015, representing a year-on-year increase of 10.8%.
L'Oreal, Estee Lauder Will Lower Prices In China
Following China's import tariff rate reduction, two international cosmetics brands L'Oreal and Estee Lauder announced that they will lower their product prices in the Chinese market.
Dairy Farm International's Acquisition Of 19.99% Stake In Yonghui Supermarket Approved
Dairy Farm International Holdings Ltd. announced that its acquisition of 19.99% stake in Yonghui Supermarket officially obtained regulatory approvals in China.
Letv Starts Selling TVs In Hong Kong
China's Letv.com announced that its super TV products have formally entered the Hong Kong market and the first batch of its 4K super TV X50 Air immediately sold-out after their launch.
Tesla Launches Official Online Presence For Chinese Auto Sales
Electric vehicle designer and maker Tesla has launched its Chinese official website.
European Underwear Brand Exits China
Stockholm-based underwear company Björn Borg is exiting the China market.
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.