GOME

GOME Retail Enters into a Framework Agreement with GOME Management to Provide Management Services

Monday, October 11, 2021 - 7:03am

HONG KONG, Oct 11, 2021 - (ACN Newswire) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into a Framework Agreement with GOME Management Limited ("GOME Management") which is wholly owned by the controlling shareholder of the Group ("Controlling Shareholder").

Key Points: 
  • HONG KONG, Oct 11, 2021 - (ACN Newswire) - GOME Retail Holdings Limited (HKEX stock code: 493, "GOME" or "the Company", together with its subsidiaries, "the Group") announced today that the Group entered into a Framework Agreement with GOME Management Limited ("GOME Management") which is wholly owned by the controlling shareholder of the Group ("Controlling Shareholder").
  • Based on the above calculation, the maximum aggregate amount of management fees for three years is up to RMB 2.8 billion.
  • In the second phase of "Home Living" Strategy, the Group focuses on the retail and home services industries.
  • In addition, the Framework Agreement is expected to greatly improve the Group's ability to obtain customer traffic at a high efficiency with low cost.

GOME Proactively Responds to National Strategies with Expansion of Business Quality and Quantity in 1H 2021

Friday, August 27, 2021 - 2:01pm

As of 30 June 2021, the Company operated a total of 3,895 offline stores, including 2,556 county stores.

Key Points: 
  • As of 30 June 2021, the Company operated a total of 3,895 offline stores, including 2,556 county stores.
  • During the Reporting Period, GOME created more than 180,000 new online communities and commanded a total of nearly 1 million online communities cumulatively.
  • Subsequently, on 24 and 25 July 2021, GOME co-hosted the "2021 Super Music Festival" with iQiyi.
  • In the future, GOME will continue to persist in implementing national strategies, facilitate domestic demand expansion and consumer upgrading in China.

GOME Strengthened Development in the Second Phase of its "Home . Living" Strategy

Thursday, April 1, 2021 - 12:00am

In 2020, GOME completed the first phase of strategic development under its "Home .

Key Points: 
  • In 2020, GOME completed the first phase of strategic development under its "Home .
  • Living" strategy, and started in-depth development in a more refined manner in the second phase.
  • Capitalizing on the favorable development trend, GOME strengthened its efforts in entertaining-oriented marketing model by launching the "FUN" APP in the beginning of 2021.
  • In 2021, we presented the 'New GOME' with new mindset and ushered in a new stage with new development pattern.

Pinduoduo Subscribes to US$200 million in GOME Convertible Bonds in Strategic Partnership

Sunday, April 19, 2020 - 12:49pm

The CBs are convertible at HK$1.215 per share, which works out to approximately 1.28 billion GOME shares or approximately 5.6% on a fully diluted basis.

Key Points: 
  • The CBs are convertible at HK$1.215 per share, which works out to approximately 1.28 billion GOME shares or approximately 5.6% on a fully diluted basis.
  • This strategic partnership is a win-win-win, said Mr. David Liu, Vice President of Strategy at PDD.
  • The partnership also strengthens the e-commerce platforms position in household appliances and electronics while accelerating its push into consumer-led manufacturing.
  • Pinduoduo is an innovative and fast growing technology platform that provides buyers with value-for-money merchandise and a fun and interactive shopping experience.

IXINA Accesses to China by Opening Stores in Beijing and Shanghai

Tuesday, May 28, 2019 - 9:23am

On May 29, IXINA opened stores in both Beijing and Shanghai, marking the European kitchen retailers official access to China.

Key Points: 
  • On May 29, IXINA opened stores in both Beijing and Shanghai, marking the European kitchen retailers official access to China.
  • View the full release here: https://www.businesswire.com/news/home/20190528005248/en/
    Brought to China by GOME Retail, IXINA plans to open 6 more stores in 2019 incl.
  • New businesses such as Comfortable Home, IXINA and Kitchen Space are introduced, and self-operated home decoration business will soon be launched.
  • Founded in 1987, GOME Retail (SEHK code HK00493) is a leading retail chain operator in China that offers consumers quality home appliances, decoration, furniture and services.