According to the International Shopping Mall in Taizhou, Zhejiang, Hong Kong-headquartered New World Department Store has formally entered the shopping mall, starting operation on January 15, 2009.
In accordance with China's Administrative Measures for Tobacco Monopoly Licenses, foreign retailers — including Carrefour and Metro — have stopped selling tobacco products in their Chinese outlets from the beginning of 2009.
According reports from local media, Tiens Group has closed its only supermarket in Beijing — the outlet operated under the brand name of BannerStore.
Having reached its goal of opening in 317 cities around China, ITAT Group, one of the largest multi-brand apparel retailers in China, has opened its first Sunshine Store in Jiaxing, Zhejiang.
Shenzhen Yijing has signed a contract with the government of Daowai District, Harbin to build the Hong Kong City shopping center in the city.
Li Jinyuan, president of Tiens Group, told First Financial Daily that BannerStore, a supermarket brand owned by Tiens Group, will start its global expansion in 2008.