Ambitious revenue plans for Seven & I

Seven & I is aiming to bolster its revenue from China fivefold to about $4.5bn (£2.76bn) over the next five years.

As weak prospects in Japan prompt retailers in the country to seek growth in its fast-growing Asian neighbour, Seven & I said it plans to increase the number of its Seven-Eleven convenience stores in China from about 100 to 500 locations over the next three years.