Chinese 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.

Chinese 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.

Information from an internal meeting of MSN China revealed that Chen Xiao, vice president of sales for MSN China, has resigned and will start his own business in the Chinese Internet sector.

Chinese 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.

Chinese 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.

Chinese electronics retailer Gome Electrical Appliance has published a report that Huang Guangyu has resigned his positions as director and chairman of the board of Gome, replaced by Gome's current executive president Chen Xiao.

Hoping to bolster investor and supplier confidence, Chinese electronics retail giant Gome has hired the Ernst & Young Hong Kong office as an independent external accounting division to check Gome's financial conditions as of November 30, 2008.

Chinese electric appliances retailer Gome has published a notice stating the company has appointed its president Chen Xiao as acting chairman.