Business Intelligence on Retailing, Franchising, and Consumerism in China

Chinese Electronics Retailer Makes Internet Investment

Chinese electronics and home appliances retailer Gome announced that it has acquired an 80% stake in the business-to-consumer home appliances website, but no financial details have been disclosed.

Under the agreement signed by Gome and, Gome will provide full support to's procurement and sales of home appliances. At present, Gome sells over 100,000 kinds of products in its retail stores, and all these products will be listed on's online sales channel. At the same time, Gome will offer help to in nationwide distribution, after-sales services, membership management, and information handling.

Gome said that it will launch a new e-commerce platform and Internet marketing strategy, marking the detailed strategy implementation for its full entry into the e-commerce sector. In the future, Gome will take as its foundation to integrate related resources, lead the Chinese B2C online shopping market, and become the top brand in the home appliances online shopping sector.

In June 2010, Gome published a five-year plan, in which e-commerce was promoted to a strategic level. According to the plan, Gome's e-commerce business will occupy 15% market share in the Chinese B2C e-commerce sector by 2014.

Wang Junzhou, president of Gome, told local media that the strategic shareholding of is the first major measure for Gome's development of e-commerce. The company values's comprehensive online platform and online shopping market resources in ten Chinese cities, including Beijing, Shanghai, Guangzhou, and Xiamen.

Be the first to comment on "Chinese Electronics Retailer Makes Internet Investment"

Leave a comment

Your email address will not be published.


  Other China News

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


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

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