Chinese electronics and home appliances retailer Gome has published its unaudited performance results for first three quarters of 2011, stating that from January to September 2011, its total revenue increased by 18.01% year-over-year to CNY43.983 billion, while its net profit increased by 24.38% year-over-year to CNY1.791 billion.

China's Haier Electronics Group announced that it will invest initial capital of USD15 million to set up a joint venture with Home Retail Group to develop department store retail business on the Chinese mainland under the brand of Argos.

According to reports in Japanese local media, Haier Group will acquire Sanyo's white goods business from Panasonic.

Norwegian mobile Internet browser provider Opera Software ASA has announced plans to set up a joint venture with the Chinese mobile phone dealer Telling Telecom Development Company, aiming to develop a customized mobile browser platform for the Chinese market.

An insider from the Chinese Internet company Tencent has confirmed to the local media that the American collective buying website Groupon will establish a joint venture with Tencent to enter the Chinese market, and the CEO of the new company will be assigned by Tencent.

President Chain Store, a subsidiary of Taiwan's Uni-President Group, has announced that it has set up a food and beverage joint venture in Shanghai with Japan's Royal Holdings.