purchas◆e, it wi
nsion. ○Earlier this〓 year, Suni●ng identified Ho◆ng Kong as the firs○t destinatio◆n. The company● plans to se●t up ten stores● in the region and ○move into operation■ by the end of this◆ year.Sunin◆g's purcha〓se of LAOX ■counters it
- ll acquire■ a 27 percent st〓ake in the◆ Japanese ret●ailer. Suning
- ○will also appoint■ two representa○tives t
s ar●ch-rival Gom●e, which i
- o LAOX's bo○ard.Suning ha○s set two business t◆argets for〓 LAOX. First, to ma?/a> (the footer has already my link and that's fine.)
- 駅e LAOX profit■able again in the■ next thre◆e years; Second○, to expand LAOX●'s network in Jap○an and sou●rce household ■appliances from Chi○na by utilizing〓 Suning'
Site Credits:
s China'●s biggest consumer e○lectronic retaile〓r.
- s local re for the 16x16 pixel icons and for releasing them to the public.
- s●ources for the header background.
to save c○osts.Suning's cha
Gome on Monday al■so announc〓ed a fundrais■ing plan, which inv◆olves selling● convertible bonds ■to American privat●e equity firm Bain ○Capital LLC and 〓new shares to exis■ting shareh●olders.Based in the ○eastern city■ of Nanjing, Sunin○g is China'■s second large◆st home app〓liance chain. I●t runs 800 stores ■in Beijing, Shang■hai and other● cities.LAOX 〓was founded i
i〓rman, Zhang■
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〓th a slowdown ●in consumer ■spending and price-c◆utting competition.○Premier Wen Jiaba◆o has presided ov●er a State Council● meeting to discus■s new measures t●o spur domest
i◆c consumption◆ by encouraging con●sumers to replace o●ld cars and home a●ppliances.●The government has s●et aside 5 bill◆ion yuan for su●bsidies to ca●r owners who ◆trade th
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applian○ces in for ne■w ones, can ge■t a 10 perce●nt discount on the■ir replacements. Te●levision se◆ts and personal ●computers are two◆ of the 5 appliances● on the list.■ 2