Hong Kong apparel retailer Giordano has published its financial results to September 30, 2009. According to the report, its overall revenues decreased by 9.6% year-on-year in the third quarter of 2009 and its revenues from retail and distribution department decreased by 6.9% year-on-year. During the period, Giordano's retail and distribution revenue in Hong Kong and Macau [...]

In the 60 years since Chinese nationalists moved to Taiwan, the country has grown up in a very different way from mainland China. Matthew Rivera reports from Taiwan on how culture, democracy and economics there offer an alternative China.

Source: MarketWatch, November 11, 2009.

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According to reports in local media, Taiwan-based supermarket retailer Rt-Mart plans to open its first outlet in Beijing and this new supermarket will be located in Beijng's Chinatown Shopping Plaza. One of the world's largest supermarket chain retailers, Rt-Mart entered the mainland China market in 1997 and by the end of 2008 it had opened 102 [...]

Tingyi (Cayman Islands) Holding Corporation, a subsidiary of the Taiwan Ting Hsin International Group, and the owner of the Master Kong brand, has published a report and stating that the company plans to be listed in Taiwan. The company stated its applications for the issue of a Taiwan Depositary Receipt and for its listing on the [...]

According to reports in local media, Wal-Mart has suspended the merger of Trust-Mart stores in China.

Though Wal-Mart gave no comment to the suspension of the merger, an insider revealed that Wal-Mart previously invested tens of millions in the renovation of Trust-Mart's three outlets in Shenzhen and Guangzhou, but the performance of these stores decreased by nearly 30% after the renovation. In addition, several Trust-Mart executives departed from the company during the three-year merger period. These results have made Wal-Mart re-consider its merge project and suspend it temporarily.

In February 2007, Wal-Mart invested USD264 million in acquiring a 35% stake in Taiwan-based Bounteous Company Ltd., the operator of Trust-Mart in China. According to the agreement signed by the two parties, Wal-Mart promised to buy the remaining Trust-Mart stock in February 2010 for USD320 million on the condition that Wal-Mart can complete its renovation of Trust-Mart's outlets. Otherwise, Wal-Mart will not need

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According to Yu Guoxiong, a spokesperson for Ting Hsin International Group, Ting Hsin plans to open the franchise rights of its convenience store brand FamilyMart in mainland China at the end of 2009. At present, all FamilyMart stores in mainland China are directly operated by the group. FamilyMart convenience stores, along with Master Kong instant noodles, beverages, [...]

Hong Kong-based apparel retailer Bossini has published its annual financial report for the year ending June 30, 2009, stating that mainland China was Bossini's only marketplace that saw revenue growth over the period. During the fiscal year end June 30, 2009, due to the impact of the global financial crisis Bossini's annual revenue decreased by 3% [...]

Rt-Mart, the supermarket retail investment of Ruentex Group, has announced plans to merge with the French retail group Auchan and the two may launch an IPO in Hong Kong in 2010. Ruentex Group said the two parties are still in negotiation and if they reach an agreement, their cooperation will be limited to the Chinese mainland [...]

Taiwan-based cafe and bakery 85°C has opened its first Beijing outlet in Chongwenmen New World Shopping Mall. Located on the first floor of the shopping mall, the new 85°C shop provides coffee, cake, and bread. According to Wang Jianyao, the deputy general manager of 85°C, prior to the opening of the Beijing store, the company has already [...]

International apparel retailer H&M recently opened six new stores in Hong Kong, increasing the total number of its stores in China to 21. Lex Keijser, the general manager for H&M Greater China, told local media that the company plans to increase the number of its stores in Greater China to 27 by the end of 2009. However, [...]