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China's Gome posts 34.45% rise in profits for 2009: China s Gome posts 34.45% rise in profits for 2009 Chinese home appliances and electronics retailer Gome Electrical Appliance Holdings Limited has published its annual financial report for 2009, stating that its net profit increased by 34.45% year-on-year 1.048 billion to 1.409 ...

Beijing Jingkelong s net profit down 5.7% in 2009: Beijing Jingkelong s net profit down 5.7% in 2009 Beijing-based supermarket retailer Jingkelong has published its annual financial report for 2009, stating that it made a net profit of CNY147 million in 2009, a year-on-year decrease of 5.7%. The report also said that the company ...

China's Taobao opens statistics for the first time: China s Taobao opens statistics for the first time The Chinese Internet shopping and auction website Taobao.com has formally announced that it will open its statistics to the public for the first time. Taobao.com, according to local media reports, stated that the opening of its ...

China's Suning inks 10 billion sales plan with Samsung: China s Suning inks 10 billion sales plan with Samsung Chinese home appliances retailer Suning Appliance and South Korean electronics maker Samsung have signed a new sales plan with a total value of 10 billion, in Nanjing the capital of Jiangsu province. This is reported to be ...

China's Little Sheep profits up 20.7% in 2009: China s Little Sheep profits up 20.7% in 2009 Chinese hotpot restaurant chain Little Sheep has published its annual financial report for 2009, stating that its operating revenue increased by 23.5% year-on-year from CNY1.27 billion to CNY1.57 billion; while its net profit ...

Bank of China net profit up 26 pct to 81 bln yuan for 2009: BOC s net profit up 26 pct to 81 bln yuan for 2009 From:Xinhua Bank of China, the country s third largest bank by market value, reported a 25.96 percent year on year growth in net profit last year, according to its annual business report released Tuesday. Its net profit reached ...

Alibaba begins business in Brazil: Alibaba begins business in Brazil Alibaba.com, China s biggest business-to-business web group, has officially started operations in Brazil. The company says the country shows huge potential for growth. Feng Ling has more details. After 11 years development, Alibaba has become the ...

China's Suning issues 2009 performance reports: China s Suning issues 2009 performance reports Chinese electronics retailer Suning has released its 2009 Achievement Report and 2009 Corporate Social Responsibility Report. Compiled according to Shenzhen Securities Exchange s CSR Guide for Listed Companies and with reference to ...

China's Li Ning sets 10% growth target for same-store sales: Li Ning in running for rebound Mainland sportswear retailer Li Ning is aiming for a 10 percent growth in same-store sales this year, after posting a 2.3 percent decline in 2009. The firm earmarked 200 million yuan (HK$227.35 million) for capital expenditure - the same amount as ...

China's Suning publishes services blue book: China s Suning publishes services blue book To mark World Consumer Rights Day on March 15, the Chinese home appliances retailer Suning published China Home Appliances Chain Industry Service Blue Book for 2010 , which details Suning s service achievements in the Chinese market. ...

Wuliangye net profit up 79.45% in 2009: Wuliangye net profit up 79.45% in 2009 The leading Chinese alcohol company Wuliangye has published its annual performance report for 2009, stating that net profit attributable to the shareholders of its listed unit increased by 79.45% year-on-year, to RMB 3.249 billion. The ...

Gome becomes authorised retailer of World Expo: Gome becomes World Expo s home appliances sales partner Chinese home appliances and electronics retailer Gome has announced that it has signed a franchise license agreement with the 2010 Shanghai World Expo to become the authorized retailer of World Expo-related home appliances. ...

GOME founder fails to gain shareholders' support: Jailed Billionaire Huang Loses Boardroom Battle for Gome Jailed billionaire Huang Guangyu, fighting for control of the electronics retailer he founded, failed to win investor support for his proposals to oust its chairman and install his sister and lawyer as directors. While ...

Chinese Internet Behemoth Plans Retail Banks: Chinese Internet Behemoth Plans Retail Banks Rumors on the Internet revealed that the Chinese B2B e-commerce group Alibaba has set up a commercial bank subsidiary, which has gained the approvals of the People's Bank of China and China Banking Regulatory Commission. The new ...

China Resources opens Health and Beauty chain stores in HK: China Resources opens Health and Beauty chain stores in HK China Resources Retail (Group), the retail subsidiary of China Resources Enterprise, has launched its first health and beauty retail brand VivoPlus, and the first two chain stores have been respectively opened at Yau Ma ...

Wangfujing to launch new sub-brand: Wangfujing to launch new sub-brand Chinese department store retailer Wangfujing has announced in Beijing that it will launch a new sub-brand called Fashion Headquarters and its first store under this brand will be opened on September 16, 2010. Located in Beijing s Zhongkun Plaza, ...

China s Huiyuan Juice Sales Up 68.4% in H1 2010: China s Huiyuan Juice Sales Up 68.4% in H1 2010 Chinese juice drinks maker Huiyuan has published its semi-annual results for the first half of 2010, stating that due to the implementation of special distribution network and sales channel managements, the company realized sales of ...

Jingkelong's H1 revenue up 6.7%: Jingkelong s H1 revenue up 6.7% Beijing-based regional supermarket operator Jingkelong has published its semi-annual financial report for the first half of 2010, stating that its operating revenue was CNY3.467 billion, a year-on-year increase of 6.7%. At the same time, it ...

GOME agrees to sell billions worth of products for Samsung: GOME says in deal to sell $4.4 bln Samsung products From: Reuters GOME Electrical Appliances Holding Ltd, China's second-largest electronics retailer by market value, said on Monday that it has agreed to sell $4.43 billion worth of products for Samsung Electronics Co Ltd in China ...

China UnionPay, MasterCard sign cooperation deal: China UnionPay, MasterCard sign cooperation deal From: Xinhua China UnionPay and MasterCard Worldwide announced last Tuesday that they have signed a Memorandum of Understanding for future business development. The agreement seeks to set up a cooperation mechanism for both sides ...

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sports

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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Li Na wins French Open women's singles title: History-making tennis legend Li Na notched the first-ever grand slam ...

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