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Gome's Electronics Retail Business Surges In China
May 31, 2011Chinese electronics and home appliances retailer Gome has published its unaudited results for the first quarter of 2011, and it is also the last quarterly report before Chen Xiao, former chairman of Gome, departed the company.
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Gome Becomes 2010 World Expo's Home Appliances Sales Partner
January 29, 2010Chinese home appliances and electronics retailer Gome has announced that it has signed a franchise license agreement with the 2010 Shanghai World Expo to become the authorized retailer of World Expo-related home appliances.
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Metro To Open Media Markt In Shanghai In 2010
January 12, 2010German retail giant Metro has announced that its electronics sales subsidiary Media Markt will establish a joint venture with Taiwan-based Hon Hai Precision Industry for electronics retail operations in mainland China.
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Chinese Electronics Retailers Offer Mobile Phone Trade-in Deals
December 23, 2009Chinese electronics retailers Dazhong and Gome have announced that they have launched mobile phone trade-in activities in Beijing, offering up to CNY200 subsidies for old phones.
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Beijing: Home Appliances Trade-in Policy Implemented
August 12, 2009After a two-month preparation period, Beijing has formally launched its home appliances and electronics "old-for-new policy" and the detailed implementation regulations have also been published.
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Dazhong To Build Electronics Shopping Mall In Beijing
April 1, 2009Chinese electronics retailer Dazhong has announced plans to renovate its CCTV Tower flagship store into China's first electronics shopping mall, which is expected to be opened in the second half of April 2009.
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Gome Will Hire 20,000 Migrant Workers Around China
March 5, 2009While most electronics companies are busy cutting staff, Chinese electronics retailer Gome announced plans to hire 20,000 migrant workers for its four subsidiaries in China.
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Dazhong Closing Four Outlets In Beijing
January 9, 2009Having opened 65 stores in Beijing, the Chinese electronics retailer Dazhong, which was recently acquired by Gome, plans to close four unprofitable stores in Beijing as part of an internal network restructuring.
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Rumor: Gome May Sell Stake To Foreign Investors
December 18, 2008Chinese electronics retailer Gome, whose chairman Huang Guangyu is currently under investigation for financial crimes, has started initial negotiations with foreign investors for the possibility of sales of stakes in the business.
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Sharp Signs CNY1 Billion LCD TV Contract With Gome
November 27, 2008The Japan-headquartered TV maker Sharp has signed a CNY1 billion LCD TV supply and marketing contract with Gome Electrical Appliance at the Chinese retailer's headquarters in Beijing.
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Buynow Opens Its First Electronics Flagship Store In Beijing
November 10, 2008The Chinese technology products retailer Buynow has announced the opening of a flagship store at Yuexiu Shopping Square, which is also its first chain store in the Chinese capital, providing consumer electronics to local residents.
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Best Buy Will Open New Electronics Store In Beijing
October 13, 2008According to local media, the American electronics retail chain Best Buy (BBY) will open a new store on the B2 floor of Beijing's SciTech shopping center in November 2008, marking the beginning of its expansion in the capital of China.
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Best Buy Gains Approval To Open Four New Stores In China
September 22, 2008According to the second quarter financial report in 2009 fiscal year of the international electronics retailer Best Buy (BBY), the company has gained the approval of Chinese local government to open four new stores in China.
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Dazhong To Sign Exclusive Cooperation Agreement With Nokia In China
September 16, 2008According to an insider of Chinese electronics retailer Dazhong, Nokia (NOK) has agreed to sign an exclusive cooperation agreement with the appliances retailer to make Dazhong the first seller of Nokia's new handsets in Beijing in September 2008.
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Dazhong Posts Net Profit Increase In H1 2008
August 28, 2008Chinese retailer Dazhong Electronics released a report on its appliances sales during the 2008 Olympic Games and Mao Xiaojun, general manager of Dazhong, said that the company's net profits doubled in the first six months of 2008.
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Chinese Electronics Retailers Under SAT Investigation
June 16, 2008China's State Administration of Taxation is investigating the stub invoices of value-added tax paid by the three major home appliance retailers Gome, Suning and Dazhong, which are suspected of reporting decreased revenue to evade taxes.
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Gome Signs Strategic Agreement With BenQ
June 3, 2008Chinese home appliance retailer Gome has signed a strategic agreement with PC manufacturer BenQ on selling the latter's PC products exclusively at its retail outlets across the country.
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Gome Reclaims Old Mobile Phones At 1200 Chinese Stores
May 20, 2008Chinese home appliance retailer Gome has announced plans to reclaim used mobile phones at its chain stores across the country in an effort to create a green industry chain for mobile phone consumption.
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Gome Begins Extended After-sales Service For Home Appliances
March 13, 2008Chinese home appliance retailer Gome has announced plans to launch an extended after-sales service for home appliances bought from its retail stores.
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Dazhong Recycles Used Mobile Phones
February 5, 2008Chinese electronics retailer Dazhong announced plans to launch a 15-day campaign to recall used mobile phones at 10 of its stores from January 30.
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Gome Acquires BF Electric
January 30, 2008Chinese electronics retailer Gome has not slowed its acquisitions following the buyout of its competitor Dazhong for CNY3.65 billion last year. The retailing giant has now acquired another local electrical retailer BF Electric Inc. in Datong, Shanxi.
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Gome Makes Another Major Retail Adjustment
January 29, 2008Following the change of its management structure from the original seven regions to 12 regions in July last year, Chinese electronics retailer Gome has made another major adjustment on its structure by reducing the 12 regions to 6 and transferring the operation and management rights to the lower level of each of the six regions.
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Best Buy China Chairman Resigns
January 28, 2008American electronics retailer Best Buy (BBY) announced that because of personal reasons, Lv Weimin, senior vice-president of Best Buy Group, and chairman and general manager of Best Buy China, has resigned his post.
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Dazhong Targets CNY10 Billion Sales For 2008
January 7, 2008Chinese home appliance retailer Dazhong, which was acquired by its competitor Gome in late 2007, said it would aim to achieve CNY10 billion in sales and further strengthen its position in the Beijing market in 2008.
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Top China Tech News For 2007
January 2, 2008By Perry Wu While many media outlets publish their annual re-cap lists a couple weeks before the end of the year, I like the idea of waiting for the year to end, then digesting it, before creating a list.
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Suning Ends Acquisition Of Dazhong
December 14, 2007Suning Electronics says that it has decided to cease the acquisition of Dazhong because the two sides have failed to reach an agreement on some core issues.
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Suning May Acquire Dazhong For CNY3 Billion
December 5, 2007According to 163.com, Chinese electronics retailer Suning will acquire its competitor Dazhong for CNY3 billion.
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Ministry Of Commerce Issues Standard For Appliance Retail Operations
August 27, 2007A representative from the Marketing System Construction Division of the Ministry of Commerce has disclosed to local media that MC has published a new regulation on the operation of home appliance retail stores.
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Motorola Adjusts Domestic Channel In China
May 28, 2007Ren Weiguang, general manager of Motorola (MOT) Mobile's Terminal Department in China, has told local media that Motorola is adjusting its domestic channels in China.
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Suning Spends CNY730 Million On Flagship Store Construction
May 11, 2007Chinese electronics retailer Suning announced that it has spent CNY730 million on buying two properties in Shanghai and Wuhan, respectively, for flagship store construction.
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