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.

Chinese electronics retailer Suning has announced plans to issue CNY50 million worth of consumer cards in Beijing in a one-week period starting from March 2, 2009.

Chinese electronics chain department store Buynow has announced plans to accelerate its deployment plans in 2009 with the company planning to open at least five large IT stores in such cities as Beijing, Shanghai, and Qingdao.

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.

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

According to local media, the American electronics retail chain Best Buy will open a new store on the B2 floor of Beijing's SciTech shopping center in November 2008, marking the beginning of its expansion in the capital of China.