Wal-Mart To Open First Shopping Center In Zhuhai As It Closes Others
Wal-Mart announced that they will invest about CNY600 million to build a new community shopping center with a total construction area of about 100,000 square meters in Zhuhai, and the company will...
View ArticleRainbow 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...
View ArticleWal-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. Based on the market response...
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Wal-Mart To Build Eight New Stores In Dongguan
Wal-Mart recently signed a strategic cooperation memorandum with the southern Chinese municipal government of Dongguan to build eight new stores and a logistics distribution center that will cover the...
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McDonald's Targets Chinese Millennials To Fill 70,000 New Positions
The fast food giant McDonald's announced the launch of its nationwide recruitment week in China as it aims to hire about 70,000 employees throughout 2016. The positions offered by McDonald's include...
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Wal-Mart China Sales Up 5.1% In Q1 2016
Due to the strong performance of its Chinese stores during the Chinese New Year, Wal-Mart China's total sales increased by 5.1% in the company's latest reporting period. Wal-Mart released its financial...
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Adidas' First Football Flagship Store Opens In Guangzhou
Adidas has opened its first football flagship store in the world in southern China's Guangzhou Teemall. Colin Currie, Adidas Group's managing director for Greater China, said that the opening of this...
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Wumart, Evergrande Reach Strategic Cooperation In Guangzhou
Beijing-based supermarket operator Wumart Group and Guangzhou-headquartered Evergrande Group signed a strategic cooperation agreement in Guangzhou. Under the agreement, the two parties will jointly...
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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. Shirble will pay CNY419 million for the property in Shenzhen and it will...
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BingoBox Gains CNY100 Million Investment
24-hour cashier-free convenience store chain BingoBox has completed its series A round financing of over CNY100 million. This round of investments was led by GGV Capital and participated by Qiming...
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