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Alibaba’s New Retail Net Profit Exceeded Expectations by 262.1% in Q2While new retail has been struggling, Alibaba’s new retail business appears to be booming, finding sustainable patterns of profitability and setting new growth points for group revenue. December 01, 2019
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Phil K
China to Buy Colombian Bananas, Grant Avocado Market AccessColombian President Ivan Duque Marquez’s recent trip to China has opened the way for China to buy an additional $40 million worth of bananas annually from Colombia, as well as for Colombia to gain formal market access to China for avocados. August 12, 2019
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Dan Siekman

Colombian President Ivan Duque Marquez, center, during his visit to China

First-Ever Sale of US Rice to China AnnouncedThe Sun Valley Rice Company, LLC, a member of the LaGrande Family Foods Group located in California’s Sacramento Valley, has become the first US rice company to finalize a contract to sell rice to China. July 08, 2019
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Dan Siekman

Jim Guinn, Director, Asia Promotion Programs, USA Rice Federation; William Li, Overseas Director, Shenzhen Yintuo & Vice President, Dragon Ocean Hing Group, Jim Levy, U.S. Consul General to China, U.S. Embassy; Chris Zhang, President, Dragon Ocean Hing Group; Erin O’Donnell, Assistant Vice President of Global Rice Trading, Sun Valley Rice; Bobby Richey Jr., Minister-Counselor for Agricultural Affairs in China, USDA. Image: Sun Valley Rice

In First Ever Store Closing, YH Super Species Shutters Shanghai Wujiaochang BranchOn July 4, Super Species marked an inevitable but inglorious new milestone: the first closing of one of its stores. The Super Species Shanghai Wujiaochang store had originally opened in November of 2017. July 07, 2019
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Dan Siekman
Suning Announces RMB 4.8b Deal for 80% Stake in Carrefour ChinaNanjing, China-based retailer Suning.com announced on June 23 that it intends to purchase an 80% stake in French hypermarket retailer Carrefour’s China operations for a sum of RMB 4.8 billion ($698 million). Carrefour will retain the remaining 20% share. June 25, 2019
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Dan Siekman
Sam’s Club Soon to Have Eight Stores in BeijingSam’s Club expects to operate 40 stores in China by 2020 June 18, 2019
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Tim
Global Retailers Aldi and Costco Test the Waters in China with New OutletsAldi recently celebrated the opening of two outlets in Shanghai, while Costco has announced it will complete its first mainland store by August. June 17, 2019
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Dan Siekman
Three Squirrels Invites Applications from Investors to IPOChina’s largest nut and snack food e-commerce company Three Squirrels’ is to invite applications for its IPO shares on June 12 with an initial price of 10.74 yuan per share. June 11, 2019
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Tim
Hema Fresh’s First Ever Store Closure Happening in MayHema Fresh Closes its Store in Kunshan county-city in the city of Suzhou May 23, 2019
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Tim
Wal-mart’s First Custom-built Distribution Center Won AwardWal-mart’s Perishable Food Distribution Center in Dongguan, Guangdong Province, Won Award in 2019 May 20, 2019
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Tim

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