Carrefour Increases Stake in Guangdong Supermarket
Supermarket giant Carrefour has said it will increase its stake in Guangzhou Jiaguang Supermarket, from 55 per cent to 80 per cent. The French retailer will pay USD5.8m for the additional 25 per cent share to Guangzhou Grandbuy Co, subject to approval from China's Ministry of Commerce. Taiwan's largest food company, Uni-President, and Guangzhou Wansheng hold each 10 per cent in the venture.
Lenovo Launches First Desktop Overseas
China's largest PC maker Lenovo has launched its first consumer desktop
outside of China - with the IdeaCenter K210 going on sale in the United
States. The computer will sell for USD379. The new model uses facial
recognition technology and is sold with an anti-microbial keyboard. Earlier this year, Lenovo launched its international laptop sales and entered the server business in several countries.
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