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Avon

By TONY JIN
Turnover at Taobao.com grew 156% to US$5.98 billion last year, putting it ahead of all major retailers bar Bailian Group. Yang Guoqiang of the China Business News takes a look at the growth of China’s most popular online shop, and the challenges ahead

By STAFF EDITOR

By STAFF EDITOR

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.


By AMY CHEUNG
Beijing Dabao Cosmetics Co is seeking investors to acquire 100% of its stakes, and market sources say Avon intends to be the buyer.  Avon stands to further expand in China, and the potential acquisition heralds a new phase of competition in the country's direct sales industry.

By AMY CHEUNG
Direct sales licenses may create new opportunities to the retail sector but corporations’ competition for direct sales business may not be healthy, China Business News reported.

By AMY CHEUNG
Avon has hired more than 114,000 sales representatives in the country this year and in the process of other applications, as part of the company’s efforts to realize its new market strategy, Financial Times reported.

By AMY CHEUNG
The Ministry of Commerce has approved four companies’ direct sales licenses, the International Finance Journal reported.

By STAFF EDITOR
On Friday, China released its long-awaited Regulations on Direct Marketing Management, effective 1 December, permitting business to operate on a model that had been illegal since 1998. National Business Daily records an analysis of these regulations by Chao Gangling, a professor at the Shanghai University of Finance and Economics.

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