Business Intelligence on Retailing, Franchising, and Consumerism in China

Dazhong

Chinese Electronics Retailer Buys Rival

Chinese electronics and home appliances retailer Gome has signed an acquisition agreement with Beijing Zhansheng, which will sell its entire stake in Dazhong to Gome for CNY3.83 billion.


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Chinese Electronics Retailer Boosts Profits

Chinese electronics and home appliances retailer Gome has published its annual results for 2011, stating that sales in its listed company increased by 17.5% year-on-year to CNY59.821 billion, while its gross profit increased by 16%…







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Dazhong To Close Four Outlets In Beijing

Having opened 65 stores in Beijing, the Chinese electronics retailer Dazhong, which was acquired by Gome, plans to close four unprofitable stores in Beijing during an internal restructuring.






  Other China News

ChinaTechNews.com:

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

Airbnb China Head Resigns

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GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

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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