Shanghai

IKEA Shopping Mall Arm Opens €1 billion Shanghai Development

IKEA's shopping malls business Ingka Centres opened a mixed-use project in Shanghai on Friday, costing over 8 billion yuan (€1.02 billion) and represe...

Alibaba To Upgrade Hong Kong Listing In A Bid To Attract Chinese Investment

Shareholders of Chinese e-commerce giant Alibaba have approved a plan to upgrade its Hong Kong listing to primary status.

Coffee Trader NKG Expands Into China To Tap Surging Demand

German coffee trader Neumann Kaffee Gruppe (NKG), one of the world's largest coffee merchants, has opened a subsidiary in China.

Diageo To Set Up Research And Development Centre In Shanghai

Spirits giant Diageo has announced plans to establish a new research and development centre in Shanghai to further its product innovation and development a...

Crowds Force Costco To Shut Maiden China Store Early On Opening Day

US hypermarket chain Costco Wholesale Corp was forced to shut its first store in China early on its opening day on Tuesday, according to state media, after...

Aldi Can Succeed In China, If It Acts Methodically: Analysis

One week from now, on 7 June, discounter Aldi embarks on arguably its most ambitious venture to date, with the opening of its first store in China. The...

Auchan China Expands Digital-Store Concept 'Auchan Minute'

Auchan Retail China is entering the second phase of developing a fully phygital – that is, blending the physical and digital – point of sale in...

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