industry

The rising cost of raw materials has led to price hikes of some Chinese products, according to reports from foreign media. However, Huiyuan Group, the leading beverage producer in China, said that it did not have much pressure for price rise in the rest of 2011, as it had already ...
Disney Stores is planning to open its first store in China by mid-2012. The company said its strategy would be to secure locations in upscale shopping centres and department stores, where it will open Disney Stores similar to those in Europe and North America. "The kids-branded ...
Catering will boom during the Chinese Spring Festival, experts said after researching dinner reservations for the lunar New Year's Eve on Feb 2. Wang Ruihua, vice-general secretary of the Beijing Dining Industry Association, said the trend of more people going out to eat on China...
On Jan. 19 Home Inns entered the market in the west region of China when it held a foundation-laying ceremony for its Yitel hotel in Qujiang District, Xian an, Shaanxi Province. The hotel will open by the end of the year. Home Inns announces that it will open 3 to 4 Yitels this ...
Wuhan Zhongbai reported its performance of 2010 today. It showed that the company gained 11.872 billion RMB in sales revenue, an increase of 17.6%; 19.2 billion RMB in sales in scale, up by 14.11%; 333 million RMB in operating profit, 21.7% higher than that of the previous year; ...
Lotus reported its performance ended in December 2010 that its operational revenue was 9.374 billion RMB, its gross profit was 1.733 billion RMB, and profit distributable to equity holders was 349 million RMB, compared with a loss of 235 million RMB in the previous year. The ...
Wu Mart will invest 400 million RMB to open 5-12 supermarkets and 50 convenience stores this year, increasing its shopping area by 15%, said Xu Ying, executive director of Wu Mart, in press release yesterday. The sales of Wu Mart will also increase by 15% in the future three ...
D. Phone released its Development Plan for 2011, showing that it will open 50 stores in Beijing this year, making the total number exceed 200 in the city. Qi Feng, senior vice president, said that D. Phone will accelerate its expansion in Beijing market in 2011, opening more ...
GOME Home Appliance released its annual report on the afternoon of March 28, when Zhang Dazhong, new president of the company, made his debut. Mr. Zhang announced his slight changes in GOME s development strategy for the next five years and said that he was not sure how long he ...
IHG announced its intentions to launch a hotel brand for the booming Chinese travel market earlier in the year, in line with moves made by other foreign multinational companies such as Hermes International (HRMS.PA) that launched a Chinese luxury brand, Shang Xia, last September. ...
Wangfujing Group released its annual report of 2010 on March 25, showing that the company gained around 13.9 billion RMB of operating revenue and around 650 million RMB of operating profit, both registering a same-time increase of over 25%. It also said that Wangfujing will start ...
Wal-Mart China convened the First Wal-Mart Asian Investors Conference on March 31 in its headquarters in Shenzhen, where over 60 market analysts and investors came to the event. Doug McMilon, chief executive officer and president of international business, and other senior ...
Wuhan Wushang Group released its annual report of 2010, showing that the company gained 17.25 billion RMB in total sales volume, an increase of 27.55%; 10.537 billion in operating revenue, up by 32.75%; 526 million RMB in profit, 22.90% higher than that of the previous year; and ...
2010 China Top 100 Chain Retailers is released by China Chain Store & Franchise Association (CCFA) after it has concluded its study on the development of China s retail industry in 2010. The total sales volume of the top 100 chain retailers reached 1.66 trillion RMB in 2010 and ...
China will become the biggest retail market in the world by 2014 and Wal-Mart will likely purchase more properties to open stores in the future, said Ed Chan, president and chief executive officer of Wal-Mart China, according to reports. The seventh Sam s Club is under developmen...
Mengniu Dairy released its annual report of 2010 on March 31, showing that its revenue is 30.265 billion RMB, its net profit 1.237 billion RMB, earnings per share 0.712 yuan and final dividend is 0.16 yuan. The report showed that the sales of liquid milk rose by 18.2% from 22.736 ...
CCFA has just released the event calendar for the year 2011. Two Franchise Exhibitions and the China Chain Store Expo will feature more exhibitors from both home and aboard. A series of events and conferences catered for domestic retailers and franchisors will continue to stage ...
Mengniu Dairy in 2010 did not perform as well as expected because it was faced with the pressure of rising price of raw materials. The executives of the leading milk producer said that the price of raw milk had gone back to its reasonable level this year and an adjustment in its ...
A source from the CISA said 77 medium and large domestic steelmakers reported a combined profit of 6.25 billion yuan in June, down nearly 40 percent from May. But the six-month figures totaled 50.72 billion yuan, up 21.22 times year-on-year. In May, China's crude steel output ...
A survey conducted by the Economic Daily and the National Bureau of Statistics showed China's steel climate index stood at 101.2 points in the second quarter of this year, up 1.8 points from the previous quarter. The steel warning index was at a relatively high level of 120 ...
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