Best Buy Is Shutting Down Chinese Stores

The electronics giant has announced today that they will close all 9 of its on the mainland. A press release issued by the company stated that all current operations will be merged in to its sister company, Five Appliance Company, based in Nanjing. President of Best Buy’s business in Asia, Kal Patel, said it was a difficult decision to make but says he is confident in the business strategy.

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