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.

German 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.

Chinese 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.

After 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.

Chinese 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.

While 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.

Having 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.

The 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.

The 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.

According 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.

According 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.

According 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.

Chinese 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.

China'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.

Chinese 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.