Suning in Shanghai has surpassed the U.S. to become second only to Paradise State of the electrical chain
September 14th, 2010For example, in Shanghai, China in 2006, the combined US-Paradise, Paradise stores listed companies have to include, but not listed companies have Gome’s stores, both stores have been twice the sum is Suning, but in the Suning Appliance The focus in 2007 stimulated the development of strategies, Suning in Shanghai has surpassed the U.S. to become second only to Paradise State of the electrical chain, and is catching up Paradise, civil strife in the country after the United States, Suning Shanghai market is expected to become the largest electrical retailer.
The Gome concern with regard to a worse result, Wong Kwong Yu family to simply sell the non-listed Suning stores.
“Non-market stores alone operation is not possible, they can not sit Huang them all closed, so this part of the stores sold to the possibility of significant competitors.” Gome executives have told this reporter that if took over the Best Buy, U.S. listed companies that will bring the country a powerful new rival, Suning, if sold, then the size of Suning US-listed companies more than doubled in the country. ”
“We are not optimistic about this approach Huang Guangyu family.” The Hong Kong analysts said that this was an emperor to abdicate institutional investors Huang cards, but if damaged the long-term development of listed companies, institutional investors will, in particular, the interests of medium and small investors and large shareholders against each other.