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	<title>Stock Market News &#38; Stocks to Watch from StraightStocks &#187; Wumart</title>
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		<title>Wumart To Cancel Entrance Fee For Promotion Personnel</title>
		<link>http://www.straightstocks.com/investing-in-china/wumart-to-cancel-entrance-fee-for-promotion-personnel/</link>
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		<pubDate>Wed, 24 Dec 2008 16:01:25 +0000</pubDate>
		<dc:creator>China Retail News</dc:creator>
				<category><![CDATA[China]]></category>
		<category><![CDATA[Beijing]]></category>
		<category><![CDATA[Fu Yu]]></category>
		<category><![CDATA[Public Relations]]></category>
		<category><![CDATA[Supermarket Chain]]></category>
		<category><![CDATA[Wumart]]></category>

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		<description><![CDATA[The Beijing-headquartered supermarket chain Wumart has announced plans to cancel entrance fees for promotion personnel sent by its suppliers to the stores of Wumart from 2009.
Wumart is reportedly the first major retailer that canceled its entrance fee in Beijing. According to Fu Yu, Wumart's public relations director, starting from January 1, 2009, Wumart will no [...]]]></description>
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		<title>Wumart To Buy Shares Of Zhejiang Supply And Marketing Supermarket</title>
		<link>http://www.straightstocks.com/investing-in-china/wumart-to-buy-shares-of-zhejiang-supply-and-marketing-supermarket/</link>
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		<pubDate>Tue, 02 Sep 2008 19:30:03 +0000</pubDate>
		<dc:creator>China Retail News</dc:creator>
				<category><![CDATA[China]]></category>
		<category><![CDATA[Hangzhou Tiantian Wumart Commerce Co. Ltd.]]></category>
		<category><![CDATA[Marketing Supermarket]]></category>
		<category><![CDATA[owned subsidiary]]></category>
		<category><![CDATA[Shaoxing Shangchao Investment Co. Ltd.]]></category>
		<category><![CDATA[Wumart]]></category>
		<category><![CDATA[Zhejiang Supply And Marketing]]></category>

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		<description><![CDATA[Wumart Stores, Inc. has announced that Hangzhou Tiantian Wumart Commerce Co., Ltd., a wholly owned subsidiary of the company, will acquire a 85% stake of Shaoxing Shangchao Investment Co., Ltd. for CNY151,177 million, giving Wumart indirect ownership of 54.09% of shares of Zhejiang Supply and Marketing Supermarket.
A report shows that the business sites of Zhejiang [...]]]></description>
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