The owner of Chinese big-box commerce giant Wumart has won a competition for control of one of western China’s biggest retailers after Wumei Holdings and associated investors increased their stake in Yinchuan Xinhua Department Store to 40 percent, through a… Read More>>
Hangzhou China’s Leading Loser as Housing Prices Drop 1.1%
China’s housing prices slid for the fourth straight month in August as potential buyers continued to wait for lower prices despite removal of home purchase restrictions in many cities. According to new numbers released today by the National Bureau of… Read More>>