Expert Profile
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David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;
From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;
From 2002 to 2006, president of B&Q China, a subsidiary of King
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Sourcing In China
To ensure the intermediary and the follow-up of your purchases in China: Search for supplier, factory auditing, negotiation, sampling, production follow-up, quality control, logistics
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You are planning a trip to China? Buy in China?
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Facts & Figures In China
Only about 5 percent of China's retail enterprises are foreign invested. According to the China's Ministry of Commerce, China had about 2,400 foreign-invested retail enterprises and $4.8 billion in total foreign retail investment by August 2009, 91 percent of which was invested after 2004. Despite the recent market entry, foreign retailers account for roughly 12 percent of the sector's total sales and assets, suggesting that they operate on a larger scale than their Chinese competitors.
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China's Best Blogs And Sites
| Retail Sales Reach 570b Yuan During China Holiday |
 Retail sales during the eight-day National Day holiday hit new high to about 570 billion yuan ($83.49 billion), reported China Daily, quoting the Ministry of Commerce.Daily retail sales during this period grew 18 percent from that of the national holiday last year which ran from October 1 to 7, the ministry said, with sales in home appliances, jewelry and catering sectors all experiencing a surge during the holiday. Notably, revenue in China's tourism market is expected to top 100 billion yuan during the country's longest national holiday ever, up 25 percent year-on-year, according to the China Tourism Academy. Meanwhile, the number of tourists during this period is expected to grow 13 percent year-on-year to 200 million persons, said the academy. The holiday, running from October 1 to 8, was extended by one day this year as the Mid-Autumn Festival fell in the period. 
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Latest China News
| Wal-Mart Supplier Li & Fung Offers $901 Million for Distribution Company
2010-08-19 Retail - Distribution China |
| Wumart Second-Quarter Net Increases 20%
2010-08-17 Retail - Distribution China |
| Metro to Open Consumer Electronics Store Media Markt in China
2010-05-30 Retail - Distribution China |
