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Suzhou Welcomes New Nikko Hotel

JAL Hotels Company has announced the opening of a new Nikko Hotels property in Suzhou. The new Suzhou Qingshan Hotel is a full-service hotel that has 91 guestrooms in seven room categories and occupies almost 200,000 square feet. The hotel's facilities include four banquet and ...

7 Days Inn will own 1000 shops next year

The 7 Days Inn s 500th hotel was officially opened up in Xi an city, Shanxi province. Thus, the number of hotels of the company has surpassed Jinjiangzhixiang, and almost was equal to Home Inn. According to reports, 7 Days Inn plans to open at least 240 hotels in 2011, and the ...

Hotel numbers of Home Inn reaches 1,100

The total hotel numbers of Chinese hotel chain Home Inn reaches 1,000, and among them there are more than 750 hotels. Thus, hotel numbers of Home Inn is two times than its rival Jinjiangzhixing. Home Inn said that it expects to have nearly 60% franchise hotels in the total number ...

Kungfu provides customers with half-price products

With CPI surges in recent days in China, Western fast food prices also raised. However, Chinese fast food Kungfu announced that from December 1 to January 11 next year, it will launch the largest promotion in its marketing history, aiming to get more market share. Zhang Fan, vice ...

China to be sixth largest wine market by 2014

With its culture of liquor that has lasted for thousands of years, China is seeing more people converting to drinking grape wine. "China is now the world's seventh largest consumer of wine in terms of volume. It is likely to become the sixth largest by 2014, " said Robert Beynat, ...

Wuliangye Triggers New Price Rise

Moutai, the leader in Chinese white liquor industry, increased its prices with an average of 20% before the Spring Festival, according to reports. Such a move made Moutai dealers quite excited as consumer demands had already surpassed its supply. After the Chinese traditional ...

McDonald's may raise prices in China

McDonald's Corp, the world's largest restaurant company, may raise prices at its China outlets in the second half of the year, said Tim Fenton, president for Asia, the Middle East and Africa. Prices may be raised "towards the third or fourth quarter", Fenton said in an interview ...

Vegetable Prices Up by 80% from Wholesale to Retail

Price of peppers has gone through tremendous increases along the over-2,800-kilometre road from farmlands in Hainan Province to produce markets in Beijing. For every kilo of the vegetable, the circulation costs, which include costs of packaging, cold storage, loading and ...

Beijing Tongrentang Opens Flagship Store In Zhongguancun

The time-honored traditional Chinese medicine brand Tongrentang has opened a new flagship retail store in Zhongguancun, Beijing. The scale of this new store is reportedly equal to the company's existing store at Dashilan, which has a history of 340 years. The new Tongrentang ...

Health supplements bring in the business

The fact that people are enjoying rising disposable incomes and living for longer is triggering a surge in the demand for health foods among the elderly who want to enjoy a healthy retirement. However, experts are advising senior citizens to be cautious when choosing which food ...

Imported dairy dominates China's market

Beijing - The notorious melamine-tainted milk powder scandal exposed in 2008 triggered a surge of dairy product imports from 120,000 tons that year to 600,000 tons in 2009, a senior official said. "Imported infant formula has since then accounted for almost 90 percent of the ...

China's national liquor Maotai hot on auction

Over one hundred bottles of bonded Maotai, China's national liquor served at official occasions and state banquets, were sold for a total of 5.22 million yuan (791,000 U.S. dollars) at a liquor auction held in Shanghai on Sunday. The auctioned items were mostly brewed in the ...

Wahaha Gained Less Profit Last Year

Wahaha, the biggest food and beverage company in China, gained 6.7 billion RMB in net profit in 2010. Such a performance was released by Zong Qinghou, president of Wahaha, in an interview by Beijing media. Despite great increase in its total revenue, his company gained 2 billion ...

Funeral companies a dead cert for investors

The rising price of land in China is prompting foreign private equity firms to cast an eye at the nation's funeral industry. The global private equity firm, Carlyle Group, has been investing in Shanghai Fushouyuan Group, one of the major funeral companies in China. Meanwhile on ...

Chinese liquor maker Wuliangye's 2010 net profit up 33.91%

BEIJING - Wuliangye Yibin Co Ltd, one of China's top liquor brands, announced Thursday that its net profit rose 33.91 percent in 2010 year on year to 4.35 billion yuan ($661.37 million). Operating revenue last year jumped 39.36 percent to 15.5 billion yuan, said the liquor ...

Starbucks brews major expansion plan

Starbucks Corp, the world's largest coffee chain by sales, on Tuesday said it will expand its business in China by opening more outlets in second- and third-tier cities and bring in new product lines to seize the instant-coffee market. "We will open 1,500 stores in China by 2015. ...

Bright Food Bids for the Second Largest Yoghurt Producer

Bright Food is now bidding for 50% of the shares of Yoplait, a French yoghurt brand, and was told that it was allowed to participate in the second round of bidding in early April, according to Wang Zongnan, president of Bright Food. Yoplait is the second largest yoghurt producer ...

7Days Inn Prepares to Acquire Motel Chain

7 Days Inn is quite likely to surpass Home Inns in terms of its hotel number as it has accelerated its expansion plan, which makes the leading economy hotel chain in China very nervous. Now they are mired in a seesaw battle of who has the largest number of hotels in the industry. ...

Huiyuan Achieved Turnaround in 2010

Huiyuan Group, a leading beverage producer in China, reported yesterday that its revenue and gross profit both registered double-digit growth in 2010 and the company turned to be profitable from the previous year s loss. Huiyuan s report showed that its profit attributable to ...

The 13th China Franchise Convention

Program of the 13th China Franchise Convention Released Parallel Session 1: 2011 Development Forum on China Training and Education Chains---Maintaining Brand s Freshness and Vitality 1 Success of Multi-Regional Education Chains based on Standardized Courses and Teaching Staff 2 ...
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Latest World News

china

Bill Gates talks nuclear
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China offers inspirations to global dilemmas
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world

market

IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
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China's farm product pricing plan shifts to market orientation
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Chinese investors look to overseas opportunities
Chinese investors look to overseas opportunities
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finance

company

Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
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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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