Tuesday, May 16, 2006

Best Buy Stocks Up in China

From Motley Fool:

"You can't ignore 1.3 billion potential customers. Best Buy is paying $180 million to acquire a majority stake in China's fourth-largest consumer-electronics chain. Hooking up with Jiangsu Five Star Appliance isn't the first time that Best Buy will be stamping its passport in the world's most populous country. The company already has three offices there. Given the region's prominent role in the manufacturing of appliances and other consumer electronics, it's just good business. And with a significant chunk in Five Star, the company achieves an immediate retail presence in the country, too."


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