In Guangzhou yesterday, Circle K opened its 41st convenience store in the city, bringing its total number of locations on the mainland to 64.This is a far cry from the 350 stores it originally planned to open in Guangzhou in the three years following its entrance into the mainland market in 2002. Circle K currently has those 41 locations in Guangzhou, seven in Dongguan, four in Zhuhai, and 12 in Macao. According to China Business News, Convenience Retail Asia, the listed subsidiary of Li & Fung, which owns the Circle K brand in Hong Kong, has plans to invest US$450 million in the mainland, first in the Pearl River delta region, then in the eastern part of the country, and finally in the north. Problems arose,
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