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|CHICAGO Off White x Nike Vapormax Running Nere Bianche Italia , Dec. 6 (Xinhua) -- U.S. pharmacy giant Walgreens Boots Alliance (Walgreens) announced on Wednesday it would invest 2.767 billion RMB (around 416 million U.S. dollars) in a top pharmacy chain in China, to boost its investment in the country.
After reaching an agreement with China National Accord Medicines Corporation Ltd. to become an investor in its subsidiary Sinopharm Holding Guoda Drugstores Co., Ltd (Guo Da), Illinois based Walgreens would take a 40 percent stake in Guo Da, according to the statement on Walgreens' website.
Walgreens Chief Executive Officer Stefano Pessina said he is "excited about the opportunity to further invest in the country's fastest growing retail pharmacy sector Off White x Nike Presto Virgil Abloh Nere Italia ," adding that his company has had a presence in China for about a decade.
Walgreens already has had a joint venture in China known as Guangzhou Pharmaceuticals, which is a drug wholesaler in China. The joint venture operates pharmacies under a local brand.
Five people were killed and nine others injured after a residential house caught fire in Chaoyang District, Beijing, on Wednesday morning.
The fire broke out at 1:18 a.m. in a village house in Shibalidian Township, according to the fire department. The injured were brought to hospital.
The fire was triggered by flames from two electric bicycles Off White x Nike Blazer Studio Mid The Ten Bianche Italia , said the fire department. Police on Wednesday detained the house owner as they found the house was self-built for rental.
Cai Qi, secretary of the Communist Party of China (CPC) Beijing Municipal Committee, and Chen Jining, acting mayor of Beijing, inspected the fire scene and visited the injured in hospital.
The fire happened less than a month after a dorm fire killed 19 in the city's southern district of Daxing on Nov. 18 Off White x Nike Air Force 1 Low The Ten Bianche Italia , which was caused by an electric wire fault.
The city officials urged a thorough safety overhaul of illegally operated business venues and houses leased for group tenants in Beijing.Owners of the properties should be held responsible for the house safety.
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