subject: Best Buy Chinese Embarrassing Why Not? [print this page] Rumors about Best Buy, I do not know why the media always ask our competitors.
Since March, China on Best Buy (NASDAQ: BBY), the following unfavorable rumors rampant: second delay in opening stores, close Beijing office, the Shanghai store a large number of employees jumped ship, or for marriage and the National United States ... ...
Three years ago, when the world's largest consumer electronics retailer to enter China, the United States to China (0493.HK)
Suning (2024.SZ) and other domestic
Home Appliances Chain are all wake-up call "wolf." However, three years, the domestic industry on the Best Buy rating is "paper tiger."
Best Buy is how to evaluate their three years in China as a? Recently, when the correspondents to the Best Buy raised the issue, Best Buy senior public relations officer of China Zhang wing answer given is "mid-term exam passed." After the midterm exam, final exam more difficult to be far away. Best Buy's recent actions, perhaps it is the "final exam" of preparation. For all the talk among Linong in briefly clarifications and explanations, Zhang wing slightly wry smile and said: "I do not know why, every time the Best Buy rumor, the media always ask our competitors, while not come to us directly to verify. "
States United States the possibility of zero
marriage? March, domestic media said, as a body called CapitalGroup country while holding the U.S. and Best Buy, the two companies may marry. However, the two companies have a consistent message to deny the country the United States, said high-level "and the Best Buy stock is zero possibility of cooperation"; and Zhang wing said, "certainly not in the near future and the country shares the cooperation between the United States . " Domestic
Home Appliances Industry veteran observers Liu's view is: not based on the interests of both sides of Coincidence, equity cooperation unlikely. Country after the United States in recent years, capital operation, ongoing mergers and acquisitions, and shop at a fairly rapid, its current annual sales have been 100 billion, can achieve through their own power distribution across the country, there is no need to use foreign capital, and other sub- share.
For Best Buy, the meaning and the National US cooperation is not the same. High-profile acquisitions in 2006, was ranked fourth in the five-star home appliance chain, however awful marriage and domestic chain, so far, no clear benefits to both parties. In this case, Best Buy go and another domestic company, "love", no matter whom it will bring too much risk.
As to why outsiders would be Best Buy and the relationship between the United States produced a number of countries reverie, one close to the national level in the industry believe that the United States, perhaps the United States this year and national release of "smoke screen" relevant.
Home appliance chain in Shandong Triple Trading Company (600898.SH) The last two options prior to the auction, the country would not participate in the United States are, however, on February 14 in the first auction, the China United States to 19.8 yuan / Unit will include 2,700 shares into the bag, thus 10.69% controlling stake in a
Triple Trading Company The largest shareholder. The like by dark of the game, in the Chinese home appliance chain industry is commonplace. While Best Buy, if and to concentrate on the operation of the game in the capital, but heretical, its current priority is to find a suitable model of development in China. "Three years not to open two stores, like Best Buy where the practice?" More than a decade tracking the domestic appliance industry, Liu said such a step dust.
Shop top priority? "Best Buy to open in China this year will be 2 to 3 new stores." Early in April in Shanghai's Xujiahui Best Buy stores, Zhang wing told correspondents, "the second store soon opened Double shop while walking along a business model after the operation immediately to try more store. "With his remarks, is the renovation of the noise bursts, it is learned that Best Buy will set up shop in the Xujiahui store Apple store. Obviously, Apple
Mobile
iPhone and notebook MacBookAir be favorable for China to enter the vision of Best Buy.
