Decathlon Opens First Store In Hong Kong
French sports supplies retailer Decathlon has opened its first physical store in Hong Kong.
shenzhen
Yum China Buys Chinese Food Delivery Company
Yum China is betting that more consumers will continue to order Pizza Hut and KFC food via their smartphones for speedy delivery to their homes and work.
Shirble Department Store To Acquire Two Properties For CNY611 Million
Shenzhen-based department store operator Shirble will invest CNY611 million to purchase two properties in Shenzhen and Changsha.
Aeon Reports 64% Net Profit Decline In China
Is it becoming more difficult to be a retailer in China? Aeon's latest financial report shows a profit drop attributed to higher costs in opening new stores.
Tesla Opens 17th Experience Store In China
U.S.-based electric car maker Tesla has opened a new experience center, which is the company's largest experience center in North China and its fifth owned sales site in Beijing.
China's 361 Degrees Net Profit Up 30.2% In 2015
Chinese sportswear maker 361 Degrees Group published its financial report for 2015 in Hong Kong, stating that its turnover reached CNY4.459 billion in 2015, a year-on-year increase of 14.1%; its gross profit was CNY1.823 billion;…
Wal-Mart Will Use Alipay For Payment In 25 Stores In Shenzhen
The supermarket retail giant Wal-Mart will be working in China with third-party payment provider Alipay and start supporting payments via Alipay in 25 outlets in Shenzhen.
Ikea Expands Into Another Chinese City
With outposts in Chengdu, Beijing, Shenzhen, Shanghai, and other Chinese cities, Swedish furniture chain Ikea is now planting its flag in a new Hangzhou store.
Rainbow Department Store Net Profit Down 12.52% In 2014
Shenzhen-headquartered Rainbow Department Store published its annual performance report for 2014, stating that the company realized total operating revenue of CNY16.998 billion in 2014, a year-on-year increase of 6.02%; its total profit was CNY773 million,…
Suning Taps Fresh Food Business In China
Suning Supermarket Company, a direct subsidiary under Suning Commerce Group, announced its entry into the online Chinese fresh food market.