Huang Guangyu, the imprisoned former chairman of Gome Electronics, has apparently lost the power struggle to maintain control over the company. From Caixin: Four proposals by Huang Guangyu, the imprisoned founder and the largest...
by Paulina Hartono | Aug 23, 2010
Gome Chairman Chen Xiao speaks with Caixin about Huang Guangyu, investment by Bain Capital, and more: After Huang was detained, I was appointed as acting chairman of the board. At the time, the company was facing great risks as...
by Sophie Beach | May 20, 2010
A former official with the Commerce Ministry was given a suspended death sentence for accepting bribes, including from Gome Electronics, whose former chair Huang Guangyu was recently sentenced to 14 years in prison. From AFP: A...
by Sophie Beach | Apr 21, 2010
BBC reports on the trial of Huang Guangyu, one of China’s richest men: Canny investments in property helped him build a fortune estimated to be between $2.7bn (£1.72bn) and $6.3bn at the time of his arrest. In 2008 he...
by Sophie Beach | Jan 20, 2009
In the ongoing investigation into Gome chairman Huang Guangyu for stock price manipulation and other crimes, two investigators have been accused of accepting bribes in the case. From AP: Zheng Shaodong, director general of the...
by Liu Yong | Jan 7, 2009
From AP: The wife of billionaire Chinese appliance retailer Wong Kwong-yu has been detained as police investigate Wong for possible financial offenses, according to news reports. Du Juan, who resigned in December as a member of...
by Mo Ming | Jul 18, 2006
From Reuters: Top Chinese electronics retailer Gome Electrical Appliances Holding Ltd. plans to take over a smaller competitor for roughly US$630 million, as the arch-rivals team up to fend off the likes of U.S.-based Best Buy Inc. . Gome, which like its rivals has been expanding at a breakneck clip to achieve scale while sacrificing […]
CDT in the News
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