Inspired by a dramatic increase in sales in the Chinese market, the global electronics retailer Best Buy has announced that it plans to open ten to fifteen new stores in China in 2010.

Electronics retail giant Best Buy has announced the official opening of its Xinzhuang store in Shanghai.

According to the information from the headquarters of the Jiangsu-based Five Star Appliance, which was acquired by the American electronics giant Best Buy, the company has signed an agreement with Apple to become its first-tier distributor.

U.S.-based Best Buy has confirmed that it will appoint Yang Deming, president and COO for Best Buy Asia, as president of its newly acquired Jiangsu Five Star Appliance in China.

The U.S. electronics retailer Best Buy has published a report, which states Five Star Appliance, a Jiangsu-based Chinese electronics retailer, has now become a wholly foreign-owned company.

Suning's Shanghai headquarters has announced plans to open 20 new electronics stores in Shanghai in 2009, covering 12 districts including Minhang, Baoshan, Pudong New Area, Xuhui, Jing'an, Huangpu, and Fengxian.