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| Friday, September 05, 2008 23:59:40 |
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July 11,2007
June 25,2007
Japan’s largest supermarket retailer Aeon plans to triple its stores in China over the next five years, the Economy Daily reported. It has 1,360 outlets in Japan, but only 35 in China. However, according to its chief representative in China, sales growth has stalled in Japan due to a declining and aging population. The company is looking to other Asian markets for expansion, which currently make up less than 5% of total revenues. Chinese vice premier Wu Yi predicted China was very likely to overtake Japan as the world’s No 2 goods consumer by 2010. Under WTO accession commitments, international retailers are allowed to do business in China without teaming up with a domestic partner. American retail giant Wal-Mart has 78 stores in China, while the world’s number two retailer, France's Carrefour, has 95.
June 25,2007
Japan’s largest supermarket retailer Aeon plans to triple its stores in China over the next five years, the Economy Daily reported. It has 1,360 outlets in Japan, but only 35 in China. However, according to its chief representative in China, sales growth has stalled in Japan due to a declining and aging population. The company is looking to other Asian markets for expansion, which currently make up less than 5% of total revenues. Chinese vice premier Wu Yi predicted China was very likely to overtake Japan as the world’s No 2 goods consumer by 2010. Under WTO accession commitments, international retailers are allowed to do business in China without teaming up with a domestic partner. American retail giant Wal-Mart has 78 stores in China, while the world’s number two retailer, French Carrefour, has 95.
June 18,2007
Jetion Holdings – a solar power company in China – expects to rake in US$75 million through an initial public offering on London Stock Exchange’s Alternative Investment Market (AIM) board, the Shanghai Securities News reported. The company's chairman, who was the former CEO of the UK Atomic Energy Authority and chairman of British utility Viridian Group, declined to set a date for the offering. June 14,2007
Jana Partners – a hedge fund managed by Barry Rosenstein – purchased a 30% stake in Shenyang Machine Tool, the China Business Herald reported. Jana came to a share transfer agreement with the northeast-based company’s largest shareholder – the State-Owned Assets Supervision and Administration Commission of Shenyang. The selling price was not revealed. The deal is still waiting for approval from the central government.
June 05,2007
Private enterprises in Jinjiang city, Fujian province, are under-represented on the country's capital markets. As Economic Information Daily reports, government officials are looking to encourage local firms to cash in on China's surging bourses April 24,2007
The experience of Shanghai restaurateur Andy Ho, a Canadian citizen, is sadly not rare; relations with his Chinese partners have gone sour, and they want him out. He believes they are responsible for the frequent power cuts and hired thugs that harass his staff, although his partners deny the charge and the police refuse to comment. April 12,2007
CNOOC has confirmed it is producing gas at the East China Sea Tianwaitian field, despite Japan’s protest.
April 12,2007
Targeted to raise 8 billion yuan, JPMorgan’s China retail fund attracted almost 90 billion yuan, an oversubscription ratio suggesting “new Chinese investors are continuing to enter the market.”
April 02,2007
Jinling Hotel, a prominent Jiangsu hotel frequented by politicians and business executives, is planning an A-share listing to raise expansion capital, chairman Li Jianwei told China Business News.
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