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May 25 – China's retail sector has entered a "golden age" of mergers and acquisitions, a report released by the Chinese Academy of Social Sciences said, citing government-brokered deals between state-owned department store chains.
http://www.linkshop.com.cn/web/archives/2012/210404.shtml
May 23 – Prada SpA (HKG: 1913), an Italy-based luxury fashion retailer, will open 80 outlets around the world this year, including 12 to 15 in China. The brand currently operates 25 stores in 13 Chinese cities after opening eight last year.
http://www.linkshop.com.cn/web/archives/2012/209949.shtml
May 21 – China's online spending on luxury goods is expected to exceed ¥20 billion this year, according to a report released by Alibaba Group's Taobao, the nation's top C2C and B2C platforms.
http://finance.qq.com/a/20120521/002609.htm
May 21 – Media Markt, a consumer electronics and appliances retailer operated by Germany's Metro AG, said it plans to open a 30,000m2 store in Chengdu, Sichuan's provincial capital. It will be its first store in western China.
http://www.linkshop.com.cn/web/archives/2012/209726.shtml
$1 = ¥6.33
@2011 China Economy @ The China Perspective.
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