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Alipay works to protect online Chinese shoppers

Alipay works to protect online Chinese shoppers Alipay.com, the Chinese third-party Internet payment platform and a subsidiary of the B2B e-commerce group Alibaba, has launched a joint security and risk control program with major Chinese banks. Starting from last month, if the ...

Tesco China To Reduce Carbon Emission By 10% In 2010 Fiscal Year

Tesco China to reduce carbon emission by 10% in 2010 fiscal year The UK-headquartered retailer Tesco has held its first forum for climate change and the sustainable development of the retail industry in Shanghai, announcing that it plans to reduce the carbon emission of its ...

CEO aims to transform Carrefour into consumer label

Carrefour s Makeover Plan: Become IKEA of Groceries Carrefour's old slogan promised "quality for all." The France-based retailer vaunted its gourmet butter cookies and wide organic selection and kept sales high by raising prices. Now Carrefour SA, the world's second-largest ...

Russia's X5 looks into ramping up investment plans

X5 eyes boost in investments in 2011 From: Reuters X5, Russia's biggest food retailer by sales, wants to hike investment in new store openings next year in anticipation of a consumer spending recovery from the economic crisis. "We will recommend our supervisory board approve a ...

Best Buy to sell iPads at all of its stores

Best Buy Expands iPad Sales Best Buy is expanding sales of the Apple iPad to more than a thousand retail stores in the United States beginning Sept. 26. The big box retailer currently carries the iPad online and through Apple Shop locations within 673 Best Buy stores. The ...

NEXT focuses on online ambitions around the world

Last orders get later at NEXT From October Next customers will be able to order online as late as 9pm for delivery the following day. The new later delivery cut off was revealed today in the company s half-year results. Next said this represented a steady advance towards later ...

Metro Cash & Carry to open Indian distribution centres

Metro Cash & Carry to invest Rs 1k cr in Punjab Metro Cash & Carry an international self-service wholesale retailer company will set up two wholesale distribution centres at Zirakpur and Ludhiana operational by mid 2011. The total investment in Punjab is expected to be around Rs ...

Japan's Lawson plans major expansion in China next year

Lawson to open 130 convenience stores in China next year as spending booms Lawson Inc., Japan s second-largest convenience store operator, plans to open 130 outlets in China next year as economic growth and rising disposable incomes boost consumer spending in the world s most ...

Tesco CEO-designate to focus on China

Tesco s Clarke Says China Will Be Profitable under His Tenure Tesco Plc Chief Executive Officer- designate Philip Clarke said China will become profitable for the retailer during his tenure as the company invests 2 billion pounds ($3.1 billion) into developing shopping malls. My ...

Tesco plans to open chain of franchise convenience stores

Tesco takes franchise route in overseas push Tesco is drawing up plans to open a chain of franchise convenience stores following a trial in South Korea. The supermarket opened 18 franchise convenience stores in the group's largest market outside the UK and the trial has seen the ...

MasterCard continues to improve payment technology

MasterCard Gets Mobile and International MasterCard has made payment tech moves on a pair of fronts, enabling smart phone money transfers and paving the runway for international shopping while online. The card firm has partnered with Borderlinx, an international cross border e...

EBay sees partnerships as the best way to tackle China

EBay, Alibaba Seek Partners Rather Than Competition in China EBay Inc., the owner of e-commerce sites and the PayPal payment service, sees partnerships, even with former rival Alibaba Group Holding Ltd., as the best way to generate sales from China, rather than going it alone in ...

American Bank makes donation to Chinese cause

American Bank makes donation to Chinese cause More than four years after it shuttered its Chinese retail banking operations, Bank of America's charity arm is now funding a conservation program in China. The Bank of America Charitable Foundation and The Nature Conservancy ...

Metro to open Media Markt in China with 100 stores expected in 2015

Metro to open Media Markt in China with 100 stores expected in 2015 German retailer Metro Group will open its first consumer electronic shop in Shanghai on Nov. 17 as the Chinese mainland s consumer goods market is expected to reach 180 billion euros in 2020. Metro teamed up with ...

Carrefour cuts bidders for Asian stores, sources say

Carrefour Thins List of Bidders for Asia Stores French retailer Carrefour SA has cut British rival Tesco PLC and Japan's Aeon Co. out of the bidding for its stores in Southeast Asia, people familiar with the matter said. Those bidders that have gone through to the next round ...

Citi provides clients expedited payment services into China

Citi provides clients expedited payment services into China Citi announced that its Global Transaction Services business has launched an extension to its Express Wire service for payments to Asia. Express Wire expedites delivery of U.S. Dollar payments destined for beneficiary ...

H&M to open its 2nd store in Guangzhou

H&M to open its 2nd 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. H&M's new store in Guangzhou has two floors and an area of 1,300 square ...

Chow Tai Fook invests 200 M in Shenzhen

Chow Tai Fook Invests 200 M to build regional retail headquarters in Shenzhen Chow Tai Fook Group held a groundbreaking ceremony for its China jewelry headquarters building in Yantian district, Shenzhen. With an investment of 200 million, the building reportedly has a constructio...

DHL enhances logistics across the pacific ocean

DHL enhances logistics across the pacific ocean Logistics company DHL announced the launch of a new direct less-than-container load services from Seattle to Singapore serving as a gateway to 16 destinations in South Asia. The new direct weekly LCL service will cover freight ...

Cadbury to enhance distribution in China

Cadbury to enhance distribution in China Lorna Davis, chairman and president for Kraft Foods China, said that the company plans to enhance the distribution of its Cadbury products in China and will increase the number of its distribution sites to about 40 Chinese cities in the ...
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Latest World News

china

Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
BEIJING, Jan. 22 (Xinhua) -- Policies of China's new leadership in the ...
Merck to put $1.5b in R&D
Merck to put $1.5b in R&D
Merck Sharp & Dohme (MSD), the world's second-largest drug producer by ...

world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
SHANGHAI, Jan. 25 (Xinhua) -- China, the world's top manufacturer and ...

finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...
Gaming Firms Find Going Tough
Gaming Firms Find Going Tough
Employees demonstrate Sony Ericsson Mobile Communications' Xperia Play ...
Boeing Wins Biggest Order of US$26b
Boeing Wins Biggest Order of US$26b
A formation of nine Royal Air Force Red Arrows Hawk aircraft fly ...

trade

sports

Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Li Na wins French Open women's singles title
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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