Japan's Aeon Group, a World Top 500 enterprise as well as a giant in retail business with the highest sales volume in Asia, will settle its business in Wuhan, capital city of central China's Hubei Province. Local reports said that Wuhan will witness a new round of foreign-funded investment in retail business.
Rather than clustering into downtown area like any business owner, Aeon Group's investments are located in Dongxihu District, Zhuankou and Houhu, respectively, all of which are on the outskirt of Wuhan. After its official entering into Wuhan’s retail business circle, it will bring in Japan’s business mode, with Japanese brands and cuisine available.
Besides Aeon Group, Lotte from South Korea also plan to run its wheels in Wuhan, and other retail enterprises are already in business negotiation.
Since China's entering into WTO in 2001, Wuhan embraced the first wave of foreign investment. Carrefour from France, Metro of German, Lotus from Thailand and Wal-Mart from USA all stretched their arms into this cake. According to an expert, with Aeon's as well as Lotte Group, Wuhan is embracing the second wave of foreign investment, making it a prominent highlight in Central China's development.
Listed the 134th in The World's Top 500, Japan's Aeon Group achieved 65.9 billion U.S. dollars in sales volume, which is 3 times than that of Bailian Group, domestic leader in retail business. At present, Aeon Group deals mainly in comprehensive department stores and supermarkets in China with Beijing, Tianjing, Shandong, Guangdong and Hong Kong SAR as its major realm, which will soon be expanded to provinces like Hubei, Jiangsu and Zhejiang.(hubei.gov.cn)
Rather than clustering into downtown area like any business owner, Aeon Group's investments are located in Dongxihu District, Zhuankou and Houhu, respectively, all of which are on the outskirt of Wuhan. After its official entering into Wuhan’s retail business circle, it will bring in Japan’s business mode, with Japanese brands and cuisine available.
Besides Aeon Group, Lotte from South Korea also plan to run its wheels in Wuhan, and other retail enterprises are already in business negotiation.
Since China's entering into WTO in 2001, Wuhan embraced the first wave of foreign investment. Carrefour from France, Metro of German, Lotus from Thailand and Wal-Mart from USA all stretched their arms into this cake. According to an expert, with Aeon's as well as Lotte Group, Wuhan is embracing the second wave of foreign investment, making it a prominent highlight in Central China's development.
Listed the 134th in The World's Top 500, Japan's Aeon Group achieved 65.9 billion U.S. dollars in sales volume, which is 3 times than that of Bailian Group, domestic leader in retail business. At present, Aeon Group deals mainly in comprehensive department stores and supermarkets in China with Beijing, Tianjing, Shandong, Guangdong and Hong Kong SAR as its major realm, which will soon be expanded to provinces like Hubei, Jiangsu and Zhejiang.(hubei.gov.cn)
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