Chinese roast duck restaurant Quanjude has published its annual financial report for 2008 and states that despite increased revenues and profits, in view of a slowdown in the economy it will revamp its expansion plans for 2009. According to the report, Quanjude made revenues of CNY1.112 billion in 2008, a year-on-year increase of 21.32% and its [...]

Xtep, the Fujian-based sports apparel brand, has published its financial report, which says that by June 30, 2008, the company has made net profits of CNY255 million, a year-on-year increase of 214%. According to the report, Xtep achieved revenues of CNY1.408 billion in the first half of 2008, an increase of 174.3% compared with the same [...]