STAPLES TO SET UP BRANCH IN BEIJING IN OCTOBER

AsiaInfo Services, July, 2005

AsiaInfo Services 07-20-2005 Staples to Set Up Branch in Beijing in October BEIJING, Jul 20, 2005 (SinoCast via COMTEX) -- Staples, Inc., the world's leading retailer of office products, plans to set up a branch in Beijing this October.The Beijing branch will mainly adopt direct-selling model, and sell products under OA365 brand.Staples will step up expansion in China this year, people in the know disclosed.After the market is much maturer, it will also consider introducing its office products into supermarkets.Last August, Staples joined forces with OA365, a leading distributor of office products and services in the Shanghai area, to set up a joint venture.

After less than half a year's alliance, OA365 has already take 50 percent share of Shanghai's office product...

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