| This is not "Da Chinese-style" cases, but "60 years" | | | | Behind the rise and fall |
| the general proposition the older generation business. | | | | Dazhong Electric Appliance in the early 90s of last |
| "Da in the really old." Many in the business for many | | | | century called the large and medium sound city, first |
| years to follow Da-old employee recently sent a such | | | | in Beijing in the eyes of influential people to open |
| a feeling. Despite the ups and downs in the situation | | | | shops in more remote Yuquan Road, and to a very |
| of M & A, Paradise in the country last July by | | | | famous ad "Yuquan Landscape bite boom sound, |
| the U.S. mergers and acquisitions, medium and large | | | | medium and large audio-video transmission Quartet |
| been left aside, but has been seeking to sell in Da. | | | | "and started to build" large and medium "brand. |
| Because of the lack of a right-hand man, dilating the | | | | To the first half of 2002, medium and large chain |
| have hands-on, always looked very tired | | | | stores in Beijing, a total of 12 operating conditions are |
| "We have been looking for a buyer, and the Paradise | | | | very good. Then, after experiencing a look at more |
| of the arbitration results in about April 20 or so out, | | | | diverse attempts failed, that operate department |
| but we will know soon, a new round of mergers and | | | | stores, supermarkets, stores, medium and large |
| acquisitions." Sized one senior told reporters. Last | | | | electrical appliances immediately was returned this |
| year in October, large and medium under the | | | | industry. From August 2002 to December 2004, |
| "Contract Law" the relevant provisions of liability for | | | | medium and large electrical appliances business |
| breach of contract on the Wing-lok arbitration. | | | | gradually expanded to areas outside of Beijing (the |
| Have insider disclosed that the U.S. take part in the | | | | United States than the country at least late 2023), |
| acquisition of Yongle and Dazhong arbitration, so the | | | | developed into Beijing, Tianjin, Shijiazhuang, Baoding |
| situation becomes so complicated and confusing. | | | | has more than 60 homes store chain, and |
| Sized high told reporters that the current valuation is | | | | commandeered the Beijing market share has been |
| more than 20 large and medium billion. However, since | | | | since the first. |
| last year, medium and large has been and Best Buy, | | | | "The development of the last two years I have |
| Gome, Suning negotiations. "A lot of the time the | | | | beyond my expectations in Da Bar!" Said the person |
| negotiations are strategic purpose is to enhance his | | | | familiar with Da in. As is too smooth, dilating omitted |
| value." | | | | after the management company expansion risks, |
| For large and medium terms, the sale seems to be | | | | medium and large electrical appliances for the 2005 |
| the only way out. April 9 this year, announced the | | | | final foreshadowed policy mistakes. |
| withdrawal of large and medium in Beijing, Tianjin, | | | | From large and medium entrepreneurs will enter a |
| Hebei, all outside the branch, and plans to Shanxi, | | | | period of management believe that from 2002 to |
| Chongqing, Nanning and other places 9 to 10 stores in | | | | 2004, Dazhong Electric Appliance sit as the train |
| the "Five? An" all before the transfer Suning. A middle | | | | accelerated, and as companies scale up, a serious |
| sized told reporters in Beijing currently has 65 large | | | | shortage of talent pool management began to |
| and medium sized stores, Tianjin, 8, 9 Hebei, Qingdao | | | | perfect the system, lack of effective internal control |
| and 4, but only operational in Beijing about a month | | | | system, the problems have been exposed. In |
| to maintain 20 million yuan net profit, while field | | | | addition, the existence of a one-man private |
| operations each year loss of 100 million yuan, cast off | | | | enterprises, arbitrary decision-making too strong and |
| these burdens can improve the profitability of large | | | | so universal, in the medium and large appliances, too. |
| and medium. | | | | At a time when Da is too much immersed in the |
| Stripping loss operations, retained earnings and core, | | | | rapid growth in the number of stores and turnover, |
| to a better price. "Da has been inadvertently | | | | the familiar he told reporters, dilating in the short time |
| continued." Those who knew him said. Suning to sell | | | | that the introduction of highly educated, high-quality |
| or the country, whether the United States, there is a | | | | management personnel, medium and large appliances |
| retirement from the age of 60 years of Da in cash | | | | that can develop into so-called "China's first business |
| out now determinedly. | | | | group. |