December 30 – Ikea said it plans to build its third store in Beijing. The second one is currently under construction. the Swedish home improvement product retailer plans to open 17 stores in China in the next four years.
December 29 – Lufthansa AG, Europe's largest carrier, said it plans to withdraw from the Chinese market as it can hardly vie with local competitors in undercutting price wars.
December 27 – CP Lotus Corp (HKG: 0121), a Thailand-based supermarket operator, said it opened its first "4 in 1" Lotus Life Station in Shanghai and plans to open another 1,000 such stores across China in the next five years. The 468m2 store has a café, a supermarket, a fresh produce market and a convenience store, with 60% of the goods being imported.
December 27 – The Eurocopter Group, the world's biggest helicopter manufacturer, told Yicai.com that it signed $261 million worth of deals with Chinese buyers this year, capturing a 40% share of the local market.
December 26 – The iPhone, Apple Inc's (NASDAQ: APPL) flagship smartphone, saw its market share in China decline to 10.4% in Q3 2011, down from 13.3% in Q2 2011, according to Kantar Worldpanel ComTech, a market research firm. Apple currently ranks fourth in its share of China's smartphone market. The iPhone 4S is expected to hit the Chinese market on January 6.
December 26 – Audi sold 283,600 cars in China between January and November, up 35.2%, ahead of BMW's 215,000 (up 40.7%) and Mercedes-Benz's 170,100 (up 30.8%) during the same period.
$1 = ¥6.3
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