Retail in Asia

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Aeon sets up headquarters in China

The multinational retail company Aeon launched more businesses in Chinese market with its new headquarters Aeon China starting its operation on Friday, meaning that its business scope extended from retailing to commercial real estate development, services and specialty stores. The Fortune 500 company will copy its leading-edged business model in Japan and start them in China with even bigger investment, leading another round of foreign investment in Chinese retail industry, according to industry insiders.

(Source: CCFA)