Metro online: expansion in China
Germany’s biggest retailer, Metro AG is planning to start cooperating with Alibaba Group Holding. The German company will sell private label products on the website of the Chinese firm. In addition to this move, Metro plans further investments in the Far East. For instance at the end of summer they acquired Singapore company Classic Fine Foods Group for USD 328 million.
Related news
China imposes anti-dumping measures on wine spirits imported from the EU
China’s Ministry of Commerce announced anti-dumping measures on wine spirits…
Read more >The success of Hungarian-developed products with reduced deuterium content in China
HYD Cancer Research and Drug Development Ltd.’s Preventa deuterium-reduced drinking…
Read more >China reopens its market to Japanese seafood
China is reopening its market to Japanese seafood, which was…
Read more >Related news
Corporate leaders’ commitment to sustainability at record level
According to the latest data from the K&H Sustainability Index,…
Read more >FAO food price index rose slightly in June due to higher prices of meat, dairy products and vegetable oils
The Food and Agriculture Organization of the United Nations (FAO)…
Read more >What can cause the price of a wine to increase tenfold?
There are fewer of them worldwide than the number of…
Read more >