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...
Huang Guangyu, the disgraced former chairman of Gome Electronics, has written a farewell letter as he begins his 14 years in prison, the Wall Street Journal reports: The founder of China’s second largest retailer, GOME, wrote a...
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...
Huang Guangyu, former Chairman of Gome Electronics and China’s richest person who is serving a 14-year prison sentence for bribery and other crimes, is now being sued by his former company. From AP: Gome Electrical...
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...
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...
Wu Zhong of the Asia Times reports on the wide reach of corruption in last year’s Gome case: It was inevitable in today’s China that some corrupt officials would be exposed as the result of an investigation into a...
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...
With former GOME chairman Huang Guangyu the subject of a widening police probe, China’s top electronics retailer has appointed former chief executive Xiao Chen as its new chairman. From Reuters: Gome’s chief...
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...
From Caijing Magazine: Mysteries surround the man ranked as China’s richest for two consecutive years. Despite his fortune and fame, little is known about his path to success and how he emerged wealthier than ever from a 2006...
From BBC News: One week after China’s richest man was allegedly taken from his home, there is still no official explanation about the reason for his detention either from the authorities or from the companies he controls....
Huang Guangyu, China’s richest man, and the chairman of household appliance giant Gome has been detained in connection with alleged stock manipulation of company owned by his brother, according to Chinese state media....
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 […]
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