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  1. Bailian winning the retail race

    Posted May 05th 2004, 12:00am by Elaine Chan

    ... Elaine Chan Wang Zongnan moves fast to secure his turf as he prepares for foreign competition The president of Bailian, China's biggest retail group, is a man in a hurry. Wang Zongnan says he has quickened his pace from a jog to a sprint, as he leads a corporate team controlling the mainland's biggest retail groups, including Hong Kong-listed Shanghai Lianhua ...

  2. Retail plays surge on new year cheer

    Posted Jan 20th 2004, 12:00am by Christine Chan, Sandy Li

    ... Sandy Li and Christine Chan An expected deluge of shoppers from the mainland this week has put the likes of Sa Sa International in the spotlight Retail stocks were the star performers ... and retailer Sa Sa International, a favourite shopping destination for mainland visitors, was the strongest performer, jumping 13.79 per cent to $2.475. Shares of upmarket fashion retailer Joyce ...

  3. GE Money eyes bank to move into retail market

    Posted Oct 28th 2004, 12:00am by Staff Reporter

    ... restricted licence banks (RLB), could also enter the retail banking market as a branch of a foreign lender. 'We are considering these two options,' said Mr Taechawatanathorn. 'To ... to a recent KPMG report, total lending by RLBs fell 25 per cent last year, while loans at retail banks rose 13.5 per cent. In addition to upgrading its regulatory status in Hong Kong, GE Money is also ...

  4. Battle looms in mainland retail sector

    Posted Sep 02nd 2004, 12:00am by Mark O'Neill

    ... Wal-Mart seeks to overtake Carrefour as the market is thrown open to foreigners, writes Mark O'Neill The mainland will throw open its retail market to foreign companies on December 11, removing limits on the number of stores they can open and eliminating geographical restrictions. Foreign retailers will also be permitted to set up wholly owned subsidiaries, obviating ...

  5. CNOOC parent joins petrol retail fray

    Posted Jul 16th 2004, 12:00am by Eric Ng

    ... Analysts and industry executives said that, while the plan was a natural extension of China National's ongoing expansion into downstream sectors, significant inroads into the retail petrol ... and downstream businesses before competition from foreign firms heats up. China's retail fuel market will be fully opened to foreign competition late this year while the wholesale market will go ...

  6. Wumart buys stake in food retailer

    Posted Apr 22nd 2004, 12:00am by Sandy Li

    ... A source confirmed that Wumart had signed an agreement to buy a stake in Chaoshifa, which operates 50 supermarkets in Beijing and is ranked as one of the top 10 food retail chains in the city. ... to its operations this year, mainly in Beijing, amid rapid growth in the mainland's retail market. The expansion will increase Wumart's retail operations to 506 stores, including ...

  7. Store wars

    Posted Jan 08th 2005, 12:00am by Staff Reporter

    ... Rong Xiaoqing, New York I live close to a thriving neighbourhood shopping area in the borough of Queens. Well, you would think it was thriving, given the number of people on the street. But take a second glance and you soon discover that half a dozen stor ...

  8. Shop 'til you drop

    Posted Jul 29th 2005, 12:00am by Mark O'Neill

    ... The new 18,000 square metre facility is located in a quiet residential district in Pudong, close to the Huangpu river. Wal-Mart's decision to open in the nation's most competitive retail market is part of the US giant's efforts to overtake rivals Carrefour and Metro to become the largest foreign retailer in China. On the same day, Metro opened its first megastore ...

  9. AcrossAsia posts maiden profits

    Posted Mar 23rd 2005, 12:00am by Georgina Lee

    ... Georgina Lee AcrossAsia, an Indonesia-focused consumer technology company, says it is looking to retailing and mobile-phone services to fuel growth over the next two years. The GEM-listed company said that in the four years since its listing, it had successfully transformed itself into a retail-technology hybrid from a pure technology play. The transformation, according to chief ...

  10. Wal-Mart poised to make belated entry into Shanghai

    Posted Jul 18th 2005, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai Wal-Mart, the world's biggest retailer, is about to open its first store in Shanghai, the city with the densest retail coverage in the mainland and 10 ... of the market.' At the end of last year, Shanghai had 97 hypermarkets and will add 28 more this year, taking the number to 125- more than double the 60 envisaged in the retail plan of the city government. ...




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