Watching from the outside for years, Best Buy, the giant household appliance retailer from the United States, has finally made up its mind to enter the Chinese market; and they will do it by acquisitions.
After 20 years of a tortoise-hare race in the industry of household appliances, China’s household appliances manufacturers come to the stone over which the mobile industry has previously stumbled. Will flat-panel TV makers stumble over the same stone
Domestic TV makers, who have nurtured the flat-panel TV market in China, are between a rock and a hard place, as they are trapped between an insufficient components supply and a competitive market.
With China’s economy developing at a breakneck pace, competition is getting fierce among both domestic and overseas businesses for bigger market shares in the vast rural areas. But as many companies are discovering, doing business in rural areas requ
In the rural market, a good boss actually becomes the brand himself.
Zheng Jianjiang has finally realized that in spite of the huge number of opportunities in China, he has extremely limited resources and capabilities.
Although TTE stumbles in the European market, Li Dongsheng feels gratified that things are finally turning around in the North American market; not long ago, it was considered hopeless.
A bitter fight in North America left Li Dongsheng and the senior management with no means of extricating themselves from it. Even worse, poor strategic decisions and over-eagerness for quick success made losses in Europe irreversible.
Best Buy hopes to plug in to the Chinese market by relying on its unique customer experience.
Unloading Dazhong Electronics seems the best - and only - way out for Zhang Dazhong. The company’s fate has become a common theme among China’s private enterprises.
With a background in both household appliances and IT, Haier is finally seeing a new dawn on the PC market.
Household appliances lacked imagination, IT manufacturers seemed disinterested and the consumer electronics products on display disappointed the pros.
“In five years,” says an ambitious Sun Weimin, the president of Suning Appliance Co., Ltd., “we’ll make Suning into the Global 500 List.” Another Chinese enterprise wages the Global 500 battle cry.
Suning Appliance hopes to develop different strengths by slowing down the expansion process and speeding up intensive operations.
Enhancing income while maintaining sufficient capital in a “small-profit trade” is a problem that needs to be solved.
The battle between Suning and Gome, and that between Suning and Best Buy are taking some unusual twists and turns. Too well orchestrated to be unintentional, the retailers are adopting different strategies with similar tactics, or, in other cases applying
A duplicitous Dazhong acquisition means China’s appliance chain business will now be dominated by two giants.