The Chinese marketing company Acorn International Inc. and U.S.-based Guthy-Renker have entered into an exclusive agreement for Acorn to market Sheer Cover cosmetics in China.

In response to recent media reports that the Chinese appliances retail giant Gome will enter the TV direct sales market, He Yangqing, a spokesperson for Gome, said the company currently had no plan to enter this business.

According to reports in local media, the Chinese home appliances retail giant Gome plans to invest CNY1 billion to enter China's TV direct sales sector and the business is expected to start at the beginning of 2009.

Michael Dell, founder of Dell Corporation, comes to China today to attend the ceremony of Dell PC products' entry into Zhongguancun Hengchang Electronic City, a move that marks the ownership of a full-range retail channel by the computing giant in the Chinese market.