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GOME

Gome girds up for legal battle as suppliers seek unit’s liquidation over dues

Bankruptcy petitions have been filed against Gome Appliances in a Beijing court over unpaid dues of 4.7 million yuan (US$675,219), but the electronics retailer says it is not contractually obliged to pay the amount.

Gome Retail Holdings said bankruptcy petitions had been filed recently against its subsidiary Gome Appliances in the Beijing No 1 Intermediate People’s Court

While the plaintiffs are seeking 4.7 million yuan (US$675,219) in outstanding dues, Gome says it is not contractually obliged to pay the amount

30 Dec 2022 - 3:11PM

Chinese electronics firm Gome’s stock rises despite staff pay suspension reports

4 Nov 2022 - 8:44PM

Fallen tycoon aims to revive his electronics chain with share placement

2 Mar 2021 - 5:47PMvideocam

Huang Guangyu, founder of Chinese electronics firm Gome, released from jail

Huang Guangyu, the founder and former chairman of Gome Retail Holdings, one of China’s largest bricks-and-mortar electronics retailers, has been released from jail on parole, a court in Beijing said on Wednesday.

24 Jun 2020 - 9:32PM

Gome Retail’s shares rose by as much as 28 per cent in Hong Kong on Wednesday, before ending the day 17.4 per cent higher. Photo: Reuters

Chinese electronics retailer Gome steps into home decoration services

1 Dec 2017 - 10:53PM

Gome shares tumble after news it would take stake in Huishang Bank

Shares of Gome Electrical Appliances Holding fell 6.56 per cent after the retailer said it planned to buy a 5.7 per cent stake in Hefei-based Huishang Bank.

8 May 2015 - 9:12AM

White Collar | Big chunk of compensation to Gome could end up back in Wongs' pocket

8 May 2015 - 9:12AM

Wong Kwong-yu could share in Gome's windfall. Photo: Oliver Tsang

Jailed tycoon Wong Kwong-yu and wife agree to pay HK$420m to Gome in misconduct case

Jailed mainland billionaire Wong Kwong-yu, founder and former chairman of Gome Electrical Appliances, and his wife Du Juan will pay HK$420.6 million to the company as compensation for misconduct in a 2008 share repurchase deal.

8 May 2015 - 9:12AM

China's Gome first-half profit jumps 153pc as it pins hopes on online shop

Sales hit 27.1 billion yuan (HK$34.3 billion) in the period, up 10.2 per cent year on year. About 5 percentage points of that stemmed from its e-commerce business, chief financial officer Fang Wei said, emphasising that the company was focused on profitability and not sales volume.

28 Aug 2013 - 4:47AM

GOME expects interim profit on back of strong Q2

19 Jul 2013 - 12:16PM

GOME expects to be back in the black soon. Photo: SCMP

Gome expects earnings to improve

11 Jun 2013 - 3:25AM

Gome Electrical Appliance is opening more shops and is looking to boost internet sales through its alliance with Alibaba. Photo: Reuters

Gome to shut more shops to stem losses

The Beijing-based retailer said in a filing yesterday that the net loss for the year to December was 597 million yuan (HK$746 million), compared to a net profit of 1.84 billion yuan in 2011.

8 May 2015 - 9:12AM

Opinion | No buzz for Suning, Germany's Metro

Anyone thinking of getting into China's consumer electronics retailing market might want to think again, following the latest downbeat news from homegrown giant Suning and a joint venture involving Germany's Metro Group.

28 Feb 2013 - 11:20AM

Opinion | Best Buy and Gome: good bedfellows?

There is an intriguing rumour going around that would see struggling US electronics retailing giant Best Buy purchase its equally struggling Chinese counterpart Gome

25 Feb 2013 - 1:56PM

Struggling Gome hopes the worst is now behind it

8 May 2015 - 9:12AM

Talking points

1 Feb 2013 - 3:15AM

Hong Kong closures signal Gome retreat

22 Jan 2013 - 4:12AM

Gome pulls plug on electrical shops and 100 jobs

26 Oct 2016 - 2:38PM

A protester's poster says no to foreign labour. Photo: K. Y. Cheng

Appliance retailer Gome reveals three-year plan

8 May 2015 - 9:12AM

Wong 'not liable' for investors' losses

8 May 2015 - 9:12AM

Gome looks to e-commerce after posting loss in first nine months

8 May 2015 - 9:12AM

Gome had to offer deep discounts in the face of intense price wars waged by rival Suning Appliance.

Gome sees net loss widen amid slowing growth on mainland

8 May 2015 - 9:12AM

A woman walks into a Gome Electrical Appliances Holdings Ltd. store in Shanghai. Photo: Bloomberg

Three mainland retailers probed over promotional strategies in price war

8 May 2015 - 9:12AM

E-commerce sales seen picking up at loss-making Gome Electrical

1 Sep 2012 - 3:05AM

Opinion | First thing China, August 17

29 Aug 2012 - 3:07PM

Gome sinks to all-time low after warning of losses

8 May 2015 - 9:12AM

Gome warns of loss in first half

8 May 2015 - 9:12AM

Gome in talks for Middle East foray

8 May 2015 - 9:12AM

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GOME

GOME Electrical Appliances Holding Ltd is an electrical appliance retailer in China and Hong Kong founded by Wong Kwong Yu in 1987, adopting the “Gome” brand name in 1993. It listed in Hong Kong in 2004, and in 2008 police revealed that Wong was being investigated for stock manipulation. He resigned in early 2009 and was sentenced to 14 years in prison.

last updated:

23 August, 2024