Retailing, Franchising, and Consumerism Business Intelligence in China

January 2008

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Gome Acquires BF Electric

Chinese electronics retailer Gome has not slowed its acquisitions following the buyout of its competitor Dazhong for RMB3.65 billion last year. The retailing giant has now acquired another local electrical retailer BF Electric Inc. in…

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Jinsheng Group Will Be Listed In Hong Kong

Jinsheng Group, a mainland constructional materials and furniture retailer, plans to be listed in Hong Kong in the coming months, with the market value of its shares is expected to reach US$800 million.

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Best Buy China Chairman Resigns

American electronics retailer Best Buy announced that because of personal reasons, Lv Weimin, senior vice-president of Best Buy Group, and chairman and general manager of Best Buy China, has resigned his post.