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.

It is reported that U.S. private equity firm Bain Capital is to buy a 18% stake in China's electronic retail giant Gome for USD400 million.

The Chinese electronics retailer Gome Electrical Appliance reports that Huang Guangyu has resigned his positions as director and chairman of the board of directors of Gome and is replaced by Gome's current executive president Chen Xiao.

Chinese electric appliances retailer Gome has published a notice stating the company has appointed its president Chen Xiao as acting chairman.

Gome Electrical Appliances Holding Ltd., has achieve an agreement with five shareholders, including Chen Xiao, founder of Yongle and the current president of Gome, to acquire the remaining 10% shares of Yongle (China) Electronics Retail Co.