Best Buy reportedly reached a final agreement with Jiayuan Group, a Chinese mainland real estate company, to sell its Chinese subsidiary Five Star Appliances to the latter. Best Buy said the sale of Five Star Appliances will not affect the operation of its other brands in China. In 2006, Best Buy entered the Chinese retail market by acquiring a majority stake in Jiangsu Five Star ...
Former Microsoft Executive Hops To Baidu Chinese search engine company Baidu announced that Zhang Yaqin, former president of Microsoft Asia Pacific Research and Develop Group, officially joined Baidu as president responsible for leading emerging businesses. Before joining Baidu, Zhang was Microsoft's global senior vice president and Asia-Pacific Research and Development ...
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