Retailing, Franchising, and Consumerism Business Intelligence in China

Dazhong

Chinese Electronics Retailer Buys Rival

Chinese electronics and home appliances retailer Gome has signed an acquisition agreement with Beijing Zhansheng, which will sell its entire stake in Dazhong to Gome for CNY3.83 billion.


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Chinese Electronics Retailer Boosts Profits

Chinese electronics and home appliances retailer Gome has published its annual results for 2011, stating that sales in its listed company increased by 17.5% year-on-year to CNY59.821 billion, while its gross profit increased by 16%…







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Dazhong To Close Four Outlets In Beijing

Having opened 65 stores in Beijing, the Chinese electronics retailer Dazhong, which was acquired by Gome, plans to close four unprofitable stores in Beijing during an internal restructuring.