Sweden's Wheelys Starts Trial Operation Of Unmanned Convenience Store In Shanghai
Swedish start-up company Wheelys recently opened an unmanned convenience store which is controlled by app in Shanghai.
Sweden
Ikea Plans Fourth Store In Hong Kong
Dairy Farm International, parent company of Ikea's business in Hong Kong, recently revealed that Ikea plans to open its fourth outlet in Hong Kong during the second half of 2017.
H&M Plans To Open More Stores In China As Global Net Profit Declines
H&M announced that its global net profit for the first quarter of 2016 decreased by 30% year-on-year to SEK2.55 billion. Yet, the company will still open more retail stores in China in 2016.
Traditional Chinese Medicine Retailer Accelerates Overseas Expansion
The time-honored traditional Chinese medicine brand Tong Ren Tang says it accelerated its overseas expansion and opened nine new stores in the overseas market in 2015.
European Underwear Brand Exits China
Stockholm-based underwear company Björn Borg is exiting the China market.
Ikea's Second Store In Beijing To Open In Daxing This Year
Swedish home supplies giant Ikea formally announced that its second store in Beijing will open at the end of 2013.
Ikea To Build Largest Western China Flagship Store In Chongqing
Ikea will reportedly invest about CNY1 billion in a new project in Chongqing to build the company's largest flagship store in western China.
H&M Is Opening Its Second Store In Guangzhou
The Swedish fashion apparel brand H&M opened its second store in Guangzhou at Grandview Mall on October 14, 2010, following the opening of the first at China Plaza.
Renminbi Now Available To Swedbank's Customers In China
The China Banking Regulatory Commission has granted Swedbank a local currency license to use the Renminbi.
Wayne's Coffee Opens First Store In Beijing
Wayne's Coffee, one of the largest cafe chain brands in North Europe, has opened its first Chinese shop at Beijing's Oriental Plaza.