German company Metro Group has announced Media Markt, their electrical appliance and consumer electronics retailer, is set to exit the Chinese market. The group’s two-year attempt to break into the Chinese market ended at the close of December, and its decision to discontinue its Chinese business was based on the group’s experience in the country and predictions for the future. If the group cannot find new investors to take over its Chinese interests, Metro will close its Media Markt stores in China. They were also negotiating with Foxconn, which holds a 25 percent stake in Media Markt …
Leading European electronics retailer Media Markt has already opened 7 retail stores in Shanghai China. The company’s expansion in China has been rapid. Recently, they have released a corporate branding advertisement to showcase the dedication its employees give to their Chinese customers. The idea is to show how Media Markt’s staff work so hard to give great customer service that they are sweating all the way from head to toe …
Well, the famous U.S. electronics retailer is not going back to China market afterall. Best Buy has reportedly decided to shelve plans to reopen two stores in Shanghai, according to the Chinese media report. Look like the Europe’s leading retailer Media Markt is doing a better sales in China then American folks !
Life inside a Shanzhai factory (TechRice). An interesting inside story on making a ‘Motoloba’ cellphone! (^O^)
Check out how Chinese Internet users spend their time online! (comScore). And guess what? Social networking sites are not popular…
Europe’s leading electrical products retailer, Media Markt, has announced the opening of second retail store in Shanghai, China. The announcement came just two days after Media Markt China’s biggest rival, Best Buy, decided to close all nine stores in China. Media Markt China, owned by Germany’s Media-Saturn Holdings and its joint venture partner Foxconn, has their very first retail store opened during last year November. They have planned out to operate another 10 more stores in Shanghai by 2012, and add 100 new stores across the country by 2015. What a huge investment!
2010 was a huge year for China’s tech stories. As we close out the year, we look back at some of the year’s biggest stories such as the Foxconn suicide cluster, Google’s China threat, and the launch of Apple stores in Shanghai. Follow along after the break as we run you through what happened in China tech industry of 2010.
Remember the opening day of Media Markt in China? Actually, the company also put on Asia’s largest ever 3D projection show on the side of the building. It is spectacular! Watch it after the break.
The leading European electronics retailer Media Markt had opened its first Asian store in China last week, thousands of people tried to squeeze into the store, terribly disordered. The store was compelled to close after opened for an hour and a half. Even more, customers can buy iPhone 4 at there but people have to line up for an appointment number, and some scalpers started using those appointment numbers to make some money out of iPhone 4 consumers. Tell you more after the break.
Leading European electronics retailer Media Markt is opening its first Asian store in China this month, November 17. The first Media Markt China store will open in Shanghai, it will expand to 9-11 stores in several cities of China by the end of 2011. Foxconn is their local joint venture partner, both companies teamed up in a US$200 million joint venture, president Terry Guo and Metro CEO Eckhard Cordes have just attended an opening ceremony this week in Shanghai.
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