American Retailer Offloads Chinese Assets To Property Company
U.S.-based Best Buy reportedly reached a final agreement with Jiayuan Group, a Chinese mainland real estate company, to sell its Chinese subsidiary Five Star Appliances to the latter.
America
Starbucks Will Open Seven Starbucks Reserve Stores In China
Starbucks recently announced a new strategy for the Chinese market in which it will bring a new lineup of Starbucks Reserve coffees and an interactive coffee bar to seven stores in Beijing, Shanghai, Guangzhou and…
American Retailer Costco Opens Flagship Store On Tmall.com
American leading retailer Costco has reached a strategic deal with Tmall.com, Alibaba Group's B2C website, to open a flagship store on this Chinese website.
Amazon.com Cooperates With Shanghai Pilot Free Trade Zone For Direct Delivery To China
The management committee of China (Shanghai) Pilot Free Trade Zone and Shanghai Information Investment have respectively signed a memorandum of cooperation with Amazon.com aimed at cross-border e-commerce development.
China's Sanpower Group Bids USD173 Million For American Retailer
Following a 13-hour auction, China Sanpower Group and Sailing Capital International finally bought the American bankrupt retail giant Brookstone Holdings Corp. for over USD173 million.
Wal-Mart Announces Management Changes In Asia
Scott Price, current president and chief executive officer of Wal-Mart Asia, will be transferred to Wal-Mart's global headquarters in Bentonville, Arkansas, to be executive vice president and senior management executive, leading international strategy and development,…
Yum Reports Increase Of Individual Store Sales In China
The world's leading food and beverage group Yum! Brands Inc. published its financial report for the first quarter of financial year 2014, stating that its operating revenue was USD2.72 billion, a year-on-year increase of 7.5%.
Shuanghui Teams With Smithfield Foods For Global Supply Network
Chinese meat processing company Shuanghui recently established a new sales company in the China (Shanghai) Pilot Free Trade Zone, and the company will import products from Smithfield Foods to further establish a global supply network.
Fast Growth Equals More Fast Food For McDonald's In China
Zeng Qishan, chief executive officer of McDonald's China, says that the company plans to add 300 new restaurants in China in 2014.
China's Little Sheep Launches First Rebranded Restaurant After Yum Acquisition
Chinese hotpot restaurant chain Little Sheep launched its first remodeled restaurant since its acquisition by U.S.-based Yum.