British retail giant Tesco has signed its first collective labor contract with employees in China.
Jiangsu-based supermarket chain Suguo plans to hire 18,000 new employees in 2012 to meet its development and growth needs.
The home supplies retailer B&Q has closed one more store in Nanjing.
Aiming to improve business efficiency and reduce costs, the Finnish communications corporation Nokia will relocate its Asia Pacific headquarters from Singapore to Beijing.
Foxconn, the original equipment manufacturer for Apple products, is reportedly expanding its manufacturing capacity in 2012, aiming to increase production for iPhones and iPads
Foxconn Technology Group has announced that it plans to hire nearly 400,000 additional workers in mainland China within the next 12 months.