American Retailer Offloads Chinese Assets To Property Company
U.S.-based Best Buy reportedly reached a final agreement with Jiayuan Group, a Chinese mainland real estate company, to sell its Chinese subsidiary Five Star Appliances to the latter.
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Best Buy's Chinese Electronics Subsidiary Will Open 11 New Stores
Five Star Appliance, Best Buy's subsidiary in China, is launching a strategic transformation and plans to add 11 new flagship stores before the end of 2014.
China Still Poses Retail Challenge For U.S.-based Best Buy
Best Buy announced its new Chinese strategy in Nanjing, Jiangsu province, stating that it will return to the Chinese market via its Best Buy Mobile brand.
Top Executives Quit Walmart China
Roland Lawrence, Walmart's chief financial officer for China, and Rob Cissell, the chief operating officer in the country, have reportedly resigned their positions.
Best Buy Plans China Store Closures
American electronics retailer Best Buy has announced on its official website that it will close all of its nine stores on the Chinese mainland.
China Unicom To Sell 3G Services In Retail Outlets
Chinese telecom operator China Unicom and Five Star Appliance, Best Buy's electronics retail subsidiary in China, have signed a strategic cooperation agreement covering various services of China Unicom.
Best Buy's Chinese Subsidiary Inks Retail Telecom Deal
Chinese telecom operator China Unicom and Five Star Appliance, Best Buy's electronics retail subsidiary in China, have signed a strategic cooperation agreement covering various services of China Unicom.
Best Buy To Set Up Education Fund With CCFA
U.S. electronics retailer Best Buy Group has signed an agreement with China Chain Store & Franchise Association in Nanjing to set up an education fund in China.
Apple iPad Sales Have (Officially) Started In China
Months after the gray market in China starting selling both iPad clones and the real devices, Apple officially began selling its tablet computer in China via its own retail shops and those of its partners…
Best Buy Announces Further Expansion In China
Inspired by a dramatic increase in sales in the Chinese market, the global electronics retailer Best Buy has announced that it plans to open ten to fifteen new stores in China in 2010.