Rumor: Gome to Abandon Coo8 ?

Gome’s founder and former CEO Huang Guangyu who is still doing his time in prison won’t be back in 3 years. Even though, in the business world this man never left. Rumor has it that unlike the previous “Double Brands” e-commerce strategy Gome had proposed, the company is about to give up one child, and apparently the “adopted one”, namely Coo8.

So how are the two children doing?

Currently the electronics retailer has two B2C services, operating with one supply chain and competg with each other. One is the Gome.com.cn, apparently the ‘biological’ kid, and the other one is the “adopted” Coo8.com (80% equity bought by Gome at RMB 48m, 2010).

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