Wal-Mart China Begins Management Reorganization
Wal-Mart China is said to have begun a program to optimize the structure of its middle level management. It is learned that the company has put forward three options for its middle level managers: to...
View ArticleSofitel To Open Three New Hotels In China
French-based Sofitel has announced that it has signed three new contracts for hotels in the eastern and southeastern regions of China. These new Sofitel properties are already under construction and...
View ArticleAjisen Ramen Net Profit Up 12.1% In H1 2009
Ramen restaurant chain Ajisen has published its financial report for the first half of 2009 and states that its net profit for the half was up by 12.1%. According to the report, the company made total...
View ArticleWal-Mart Sets Up New Subsidiary In China
The official website of China's Ministry of Commerce reports that the international retail giant Wal-Mart has set up a new wholly-owned subsidiary in Hebei. This move is reportedly designed to help...
View ArticleRainbow Department Store Revenue Up 32% In China
Chinese department store operator Rainbow has announced its performance results for the third quarter of 2011, stating that its operating revenue increased by 25.5% year-on-year to CNY2.877 billion and...
View ArticleNestle To Establish Two New R&D Organizations In China
World's leading food and beverage company Nestle announced plans to establish two new research and development organizations in China. These two new R&D organizations respectively apparently target...
View ArticleChina's Little Sheep Launches First Rebranded Restaurant After Yum Acquisition
Chinese hotpot restaurant chain Little Sheep launched its first remodeled restaurant since its acquisition by U.S.-based Yum. The restaurant is located in Dongguan, Guangdong province. After acquiring...
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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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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. Japanese retailer Aeon announced its...
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Ajisen Reports 11.1% Operating Revenue Drop In China
Are fewer people eating noodles in China these days? According to a fast food noodle chain, retail expansion may have hit a bumpy patch. Ajisen (China) Holdings Limited published its semi-annual...
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