Foreign Companies in China Round-Up: AMZN, YUM, KFT, DELL

July 20 – Amazon.com Inc (Nasdaq: AMZN) has invested ¥310 million building an facility in Guangzhou, Guangdong's provincial capital, as its operation center in southern China, according to the Guangzhou government.
http://www.linkshop.com.cn/web/archives/2012/217815.shtml

July 19 – Yum! Brands Inc's (NYSE: YUM) Q2 figures missed expectations as rising raw materials and labor costs in China ate into its profits. The fast food giant currently operates 3,900 KFC and 700 Pizza Hut restaurants across China.
http://www.yicai.com/news/2012/07/1916275.html

July 19 – Kraft Foods Inc (Nasdaq: KFT) said it has finished building two production lines costing a total of $20 million in Beijing. Kraft's revenue from China jumped 35% last year, much faster than the 6.5% global average.
http://www.yicai.com/news/2012/07/1912620.html

July 19 – Adidas AG will close its only apparel factory in China by the end of this year to boost operating efficiency, Adidas China spokeswoman Sabrina Cheung said in an email. The move will affect some 160 workers in Suzhou, Jiangsu province. The company said it will still source from over 300 Chinese suppliers.
http://cn.reuters.com/article/chinaNews/idCNCNE86I03K20120719

July 17 – Dell Inc (Nasdaq: DELL) is seeing a slowdown in China, adding to the list of companies dealing with slackening growth in the world's most populous country, Bloomberg reported, citing CEO Michael Dell. The company's board plans to visit the country in early September.
http://www.bloomberg.com/news/2012-07-17/dell-sets-up-60-million-venture-fund-for-storage-technologies.html