Best Buy Opens China Warehouse and Second Store
U.S.-based electronics retailer Best Buy has announced the opening of a
new China distribution centre in Shanghai. Swiss logistics firm Kuehne
+ Nagel China is managing the 6,000 sq. m facility in Minhang district,
and will also be in charge of executing Best Buy's distribution
strategy within China. The retailer will also open its second Shanghai
store, in Zhongshan Park, later this year, following its debut opening
in Xujiahui in late 2006.
Virgin to Invest in Clean Energies
Richard Branson has announced plans to found a company in China to
develop clean energy. "We plan to invest quite heavily in it,'' Branson
said during a press conference. He is visiting China as part of the
entourage with Britain's Prime Minister Gordon Brown, who is making his
first official visit to China since assuming power from predecessor
Tony Blair. Branson's Virgin Group invests elsewhere in
alternative-energy technologies, such as windmills, hydroelectric
projects and solar power.
Danone Chief Quits Following JV Legal Disputes
Emmanuel Faber, Danone's Head of Operations in China, has resigned from
his post, the French dairy company has announced. "Taking into account
the status of the joint venture company within the Danone Group, and
Danone's internal corporate policy, I can no longer serve as the
Chairman of the Board," Faber confirmed. He had been under considerable
pressure following an ongoing legal battle with Chinese joint venture
partner Wahaha. The departure of Faber may help resuscitate an
acrimonious partnership, in which Danone holds 51 per cent of the
shares. Last June, the French company filed a lawsuit against Wahaha,
accusing the Chinese company of selling Wahaha-branded drinks without
its permission.
Carrefour Opens First Energy-Saving Store
French retailer Carrefour has opened its first energy-saving store in
China, in Guanggu / Wuhan, Hubei province. It is estimated that the new
store will save up to 50,000 cubic metres of water and 1,200,000kw of
energy per year – cutting he company’s energy bill by a projected 20
per cent. The energy-efficient supermarket cost RMB2m more to build
than an ordinary store, but Carrefour believes these costs will be
recouped through annual energy savings and lower maintenance. This
year, Carrefour plans to upgrade most of its supermarkets in China to
energy-efficient facilities.
FedEx Targets Asia’s SMEs
FedEx Express has launched a new product for small- and medium-sized
companies, China Daily reports. The new so-called "economy product" is
targeted at small and middle sized companies that send less urgent
shipments under 68kg to locations in China and nine other markets in
Asia Pacific; Hong Kong, Taiwan, Japan, Australia, South Korea,
Malaysia, New Zealand, Singapore and Thailand. The new product will be
20 per cent cheaper than FedEx's main shipment services and offers a
delivery time of two business days.
Last update : Sunday, 20 January 2008
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