Business Intelligence on Retailing, Franchising, and Consumerism in China


Dixintong Unveils RMB1 Billion Acquisition Plan

Dixintong, one of the largest mobile phone retailers in China, is scheduling acquisitions worth RMB1 billion to expand its market share in China.

Jin Xin, vice president of Dixintong, has told local media that the acquisitions would be settled in the first half of next year.

Jin says that Dixintong is now seeking appropriate targets for acquisition, which are expected to be some of China's strongest regional mobile phone retailers. Jin also added that Dixintong is preparing for an IPO in Hong Kong next year.

Dixintong currently has 556 chain stores in 24 provinces and cities across China. It plans to reach 800 stores by the end of this year and 1000 by 2008.





Be the first to comment on "Dixintong Unveils RMB1 Billion Acquisition Plan"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

AutoNavi, Delphi Reach Deal

Hisense's Net Profit Down 47.39% In First Three Quarters Of 2017

Airbnb China Head Resigns

DMG To Buy China Rights Of Forbes Brand


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco