Zhejiang Yong Xin Digital Technology Co. Ltd., a subsidiary Chinese electronics retail distributor China 3C Group, has established an electronic retail franchise operation.

Chinese consumer electronics distributor China 3C Group has signed a definitive agreement to acquire 100% of Jinhua Baofa Logistic Ltd., a logistic company in eastern China, through its subsidiaries Zhejiang Yong Xin Digital Technology Co., Ltd. and Yiwu Yong Xin Communication.

Chinese electronics distributor China 3C Group has signed a deal with department store chain operator China Intime Group to have China 3C open its first mobile phone retail counter in Intime's LiQun Department Store in Hangzhou.

Chinese electronics retailer China 3C Group has signed a product distribution agreement with Juda Group, a Chinese consumer electronics goods manufacturer.

China 3C Group has entered into an agreement with Shuimu Huali to supply seven brands and forty-seven models of mobile phones as well as digital products that include cameras, MP3 and MP4 players in all twenty one of Shuimu's retail locations.

Chinese electronics retailer China 3C Group announced financial results for the first quarter ended March 31, 2008 and said net sales for the first quarter 2008 totaled a meager US$68.2 million compared to US$84.5 million for the same period of last year.

China 3C Group has signed a wholesale supply agreement with Wal-Mart China to sell audio electronic equipment, including radios, CD players and stereo equipment at six Wal-Mart stores in the Zhejiang province beginning in April 2008.

China 3C Group, a Chinese electronics retail distributor, says net sales for 2007 totaled US$276 million compared to US$148.2 million for 2006.