Wal-Mart To Shut 25 Underperforming Stores In China In 2014
Scott Price, president and chief executive officer of Wal-Mart Asia, revealed at an investor meeting that the company plans to close 25 underperforming stores in China during 2014.
Logistics
DHL Adds Luxury Goods Logistics Center In Shanghai
DHL announced plans to build a fashionable customized logistics center in Jiuting, Shanghai, to provide distribution and delivery of luxury goods.
British Internet Retailer Expands To Chinese Online Sector
UK-based Net-a-Porter has launched a Chinese-language website, targeting the Asia Pacific market.
Alibaba's Internet Subsidiary Bypasses Retail Outlets To Sell Milk Direct To Chinese Buyers
Tmall.com, the B2C Internet shopping subsidiary of Alibaba Group, announced that it will cooperate with Danone and Nestle to launch direct sales and delivery of milk powder under six brands of the two groups, allowing…
Wal-Mart China CFO Changed
Anne Myong, former Wal-Mart China senior vice president and chief administrative officer, has been appointed new chief financial officer of Wal-Mart China.
Chinese Internet Retailer Heads To Vietnam
Chinese Internet retailer Vancl.com has launched a new site with the independent domain Vancl.vn in Vietnam to further expand into the overseas market.
Chinese Liquor Sales Move Online As E-commerce Firm Closes Funding
Chinese spirits and alcohol B2C e-commerce website Jiuxian.com announced that the company has gained additional investment of CNY200 million.
Suning.com To Complete Acquisition Chinese E-commerce Business In Q3 2012
A representative from Suning.com, the e-commerce platform of electronics retailer Suning, told local media that their negotiation for the acquisition of Redbaby.com, a Chinese e-commerce website for baby and maternal products, has entered the financial…
Corporate Bonds Issuance To Support Suning's Retail Growth In China
To enhance its capital capacity and support the construction of its procurement, logistics, information, and human resources platforms, Chinese electronics and home appliances retailer Suning announced plans to issue up to CNY8 billion in corporate…
Zhejiang Semir Invests CNY250 Million To Build Warehousing Logistics Base In Tianjin
Zhejiang-based apparel company Semir will build a new warehousing logistic base in Tianjin.