JD.com Parent Company Hires Academic For Global Expansion
Chinese B2C e-commerce service provider JD Group announced the establishment of a strategy unit and international business expansion unit.
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Midea To Acquire Toshiba's White Goods Business
Chinese home appliances group Midea has signed a memorandum of understanding with Toshiba to acquire the white goods business of the Japanese company.
Beibei.com To Invest CNY500 Million To Support 1,000 Brands
Maternal and child supplies e-commerce site Beibei.com announced that they will invest CNY500 million in the next 12 months to support 1,000 quality brands which have monthly sales of over CNY1 million.
Burberry Integrates Online And Offline Resources In China
Luxury retailer Burberry recently upgraded its Chinese e-commerce inventory system to accomodate online and offline inventory sharing.
Xoom Provides New Chinese Money Transfer Channel From Overseas
U.S.-based digital money transfer provider Xoom Corporation launched their Chinese-language services to complement with the Chinese money transfer service they launched in February 2015.
Lianhua Supermarket Forecasts Profit Drop With Steep Competition
Lianhua Supermarket Holdings Company Ltd. says that by September 30, 2014, the group achieved unaudited operating revenue of about CNY24.168 billion; its operating costs were about CNY19.217 billion; and its net profit attributable to shareholders…
Online Payments Firm Enhances China Presence
Worldpay has opened its first China sales office in Shanghai to service the increasing global ambitions of Chinese businesses who have global e-commerce payment needs.
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.
7-Eleven Opens Two New Stores In Chongqing
7-Eleven will reportedly open two new stores in the city, marking the brand's formal entry into Chongqing.
Yonghui Will Open Two Supermarkets In Shanghai This Month
Chinese supermarket operator Yonghui revealed that the company is preparing for two new outlets in Shanghai, and they are expected to open at the end of December 2013.