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Apple Suspends iPhone 4S Sales In Retail Stores In China
January 13, 2012Friday the 13th did not play well for Apple today, as the company suspended the sale of its iPhone 4S smartphones in its Chinese retail outlets.
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China's Gome Gains More Net Profit, Cancels Real Estate Subsidiary Plans
December 1, 2011Chinese electronics and home appliances retailer Gome has published its unaudited performance results for first three quarters of 2011, stating that from January to September 2011, its total revenue increased by 18.01% year-over-year to CNY43.983 billion, while its net profit increased by 24.38% year-over-year to CNY1.791 billion.
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New Electronics Retail Stores Push Gome's Net Profit Higher In China
September 1, 2011Chinese home appliances and electronics retailer Gome has published its semi-annual results ended June 30, 2011, stating that its revenue from retail stores increased by 19.8% year-on-year to CNY29.8 billion; and its net profit increased by 30% year-on-year to CNY1.25 billion.
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Suning Makes Additional Investment In Laox
July 6, 2011Chinese home appliances and electronics retailer Suning has announced plans to buy 179 million additional shares from Laox, Suning's subsidiary in Japan, at the price of JPY35 per share.
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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 Signs Strategic Agreement With Sanyo Color TV
April 20, 2011Chinese electronics and home appliances retailer Gome has signed a five-year strategic cooperation agreement with the Japanese home appliances brand Sanyo and the two parties will implement in-depth cooperation in various areas, including information sharing, product development, marketing, sales management, and after-sales services.
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E-commerce Expansion: Gome Buys Stake In China's Coo8.com
December 14, 2010Chinese electronics and home appliances retailer Gome announced that it has acquired an 80% stake in the business-to-consumer home appliances website Coo8.com, but no financial details have been disclosed.
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China's Gome To Sue Former Chairman
August 10, 2010Chinese electronics and home appliances retailer Gome has announced that its board of directors has decided to sue its former executive director Huang Guangyu.
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Gome, Sharp Sign CNY6 Billion LCD TV Sales Agreement
July 30, 2010Chinese electronics and home appliances retailer Gome and Japanese LCD screen maker Sharp have signed a strategic agreement in which Gome eyes sales of CNY6 billion Sharp LCD TVs from July 1 to the end of 2010.
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Gome Appoints New President
July 1, 2010Chinese electronics and home appliances retailer Gome has announced that Chen Xiao, chairman and president of Gome, will no longer hold the position of president and the position is now given to Wang Junzhou, former executive director and executive vice president of the company.
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China's Gome Net Profit Up 3.42% In Q1 2010
May 20, 2010Chinese electronics and home appliances retailer Gome has published its unaudited financial report for the first quarter of 2010, stating that its operating revenue increased by 20.21% year-on-year to CNY11.782 billion; its operating profit increased by 65.7% to CNY532 million; and its net profit increased by 3.42% to CNY333 million.
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China's Gome Net Profit Up 34.45% In 2009
April 12, 2010Chinese home appliances and electronics retailer Gome Electrical Appliance Holdings Limited has published its annual financial report for 2009, stating that its net profit increased by 34.45% year-on-year CNY1.048 billion to CNY1.409 billion; but its revenue decreased by 7.02% to CNY42.667 billion.
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China Unicom Unveils Its First Android Wi-Fi Customized Smartphone
March 12, 2010According to China's Vsens, the wholly-owned customized terminal subsidiary of China Unicom, its new customized 3G smartphone, XT701, made by Motorola, is now ready for sale.
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Gome's Affiliate Involved In Bribery
March 2, 2010Beijing No. 2 Secondary Court has issued an indictment to Gome Electrical Appliance Company, a wholly-owned subsidiary of Chinese electronics retailer Gome, which has allegedly been involved in a bribery scandal.
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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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New Taiwanese Mobile Phone Brand Available In Mainland China
December 24, 2009Taiwanese mobile phone brand Altek has announced its entry into the Chinese electronics retail chain Gome, making it the second major Taiwanese mobile phone brand available in mainland China market following Dopod.
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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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Gome To Open First Home Appliances Supermarket In Wuchang
November 5, 2009Chinese electronics retailer Gome has announced that its first home appliances supermarket will be opened in Zhongnan, Wuchang.
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China's Gome Cancels Entrance Fee For Suppliers
August 31, 2009Chinese home appliances retailer Gome Electrical Appliances Holdings has announced that it has cancelled the entrance fee for suppliers in all its stores.
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Gome Net Profit Down 49.57% In H1 2009
August 25, 2009Chinese home appliance retailer Gome has published its report for the first half of 2009 and states its net profit decreased by 49.57% year-on-year to CNY580 million.
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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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CDC Software Prices IPO At USD12 Per ADS
August 6, 2009CDC Software Corporation, a subsidiary of China-based CDC Corporation, announced the pricing of its initial public offering of 4,800,000 American depositary shares, each representing one share of its class A ordinary shares, at USD12.00 per ADS.
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CDC Software Registers IPO In USA
July 17, 2009CDC Corporation's subsidiary CDC Software Corporation is finally making its initial public offering by offering 4.8 million shares in the USD11.00-13.00 estimated price range in the United States.
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Bain Capital To Acquire 18% Stake In Gome For USD400 Million
June 8, 2009Chinese electronics retail giant Gome's financing scheme has gained new progress and the U.S. private equity firm Bain Capital will reportedly buy a 18% stake in Gome for USD400 million.
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Beijing Encourages Retailers To Set Up Online Stores
May 13, 2009The Beijing Municipal Business Commission has issued a circular which encourages retailers to set up online stores.
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Gome's Net Profit In China Slides To CNY1.048 billion In 2008
April 29, 2009Chinese electronics retailer Gome Electrical Appliance Holdings has published its financial report for the fiscal year ended December 31, 2008, and states that its net profit decreased by 7% year-on-year to CNY1.048 billion.
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Sanlian Group's Lawsuit Against Gome Rejected By Shandong Court
March 31, 2009Sanlian Commerce, a subsidiary of the Shandong-based electronics retailer Sanlian Group, has published a report stating the Shandong Supreme People's Court has rejected Sanlian Group's lawsuit against Gome about the share auction of Sanlian Commerce.
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Suning Accelerates Deployment In Hong Kong
March 12, 2009Zhang Jindong, chairman of Chinese electronics retailer Suning, says that the company plans to open four to five retail stores in Hong Kong in the second half of 2009, which is one year earlier than its previous plan.
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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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