January 19, 2006

China’s Consumer Electronic Market worth RMB800 billion by 2008

Filed under: Marketing,Technology — Administrator @ 1:08 pm

The three biggest electronics and home appliance retail chains in China are – GOME Home Appliance Group, Suning Appliance Chain Store (Group) Co. and China Paradise Electronics Retail Ltd.

GOME is the largest with 420 outlets in 100 cities and only 5% market share. Moving forward, the company looks to have at least 1,000 outlets by 2008 when they expect China’s electronic market to be worth RMB800 billion (about US$100 billion).

At first glance seems like the market is quite fragmented and filled with opportunity — consider this article from China Economic Net article titled, “Electric retailers not a best buy stock” about China’s impending electornic retail chain battle royale — it might change your mind.

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