Revenue From Beijing's Five-star Hotels Beijing Down 16.9% In 2009
According to data provided by Bureau of Statistics of Beijing, the revenue of star-grade hotels in the city decreased by 9.7% year-on-year in 2009.
financial crisis
China's Suguo Reports 10% Growth In 2009
Nanjing-based supermarket chain Suguo has announced that its sales increased by 10% to CNY33 billion in 2009, despite the global economic crisis.
Ryohin Keikaku Targets 30 Muji Stores For China In 2010
According to Masaaki Kanai, the CEO of Ryohin Keikaku, despite the gloomy global economy the company plans to increase the number of its Muji stores in China to 30 by the end of 2010.
Chinese Retailers And Suppliers Agree On Fair Promotion
According to reports in local media, 70 retail enterprises and 200 suppliers recently gathered in Beijing and signed the "Proposal for Fair Cooperation and Promotion of Retailers and Suppliers".
Li Ning To Open At Least 70 Badminton Supplies Stores In South Asia
Chinese sportswear giant Li Ning has started its comprehensive distribution network in South Asia with the opening of a flagship store in Ion Orchard, Singapore, and it plans to open up to 100 badminton supplies…
Watsons' New Concept Store Opens In Beijing
The health and beauty products retailer Watsons has opened a new concept store at U-town Lifestyle Center in Beijing.
Ikea To Close Three Trade Offices In China
Swedish furniture retail giant Ikea has announced that it will close its trade offices in Chengdu, Wuhan, and Xiamen and employees in these three offices will be dismissed.
Chairman Of New Huadu Acquires Stake In Tsingtao Beer
Anheuser-Busch InBev, Tsingtao Beer's second-largest single shareholder, has announced that it will sell 91,641,342 H shares in Tsingtao Beer for HKD19.83 per share to Chen Fashu, chairman of the Fujian-based New Huadu Industrial Group.
China's Yili Reports Losses Of CNY1.96 Billion In 2008
Chinese dairy giant Yili has published its annual financial report for 2008 showing that it made losses of CNY1.96 billion during the year.
Beijing's Retail Sales Up 12.6% In Q1 2009
According to Beijing Statistics Bureau, as a result of stimulation by a series of domestic demand expanding and consumption promoting measures, Beijing's retail sales in the first quarter of 2009 reached CNY122.12 billion, an increase…