Gome Shareholder Bain Show Confidence of Making Profit by It's In for Long Term
China Leaders Forum 2011, "How American Companies Can Plug into the Chinese Rocket-Propelled Economy?", Conference Hosted by Golden Networking in New York City
New York, NY -- (SBWire) -- 09/02/2011 --As reported by The Wall Street Journal’s Joanne Chiu, U.S. private-equity firm Bain Capital LLC said Thursday it intends to remain a long-term investor in Chinese electronics retailer Gome Electrical Appliances Holding Ltd. How American companies like Bain can profitably do business with China is the title of the kick off panel at Golden Networking's China Leaders Forum 2011, "How American Companies Can Plug into the Chinese Rocket-Propelled Economy?", http://www.ChinaLeadersForum.com, October 7, New York City, forum that will examine the challenges facing American companies that want to grow and expand their business in China, the opportunities to find Chinese investment partners that can provide a much-needed capital injection while opening the Chinese market, as well as important considerations to look at so that the high-powered Chinese rocket doesn’t crash anytime soon.
Bain Managing Director Jonathan Zhu told Dow Jones Newswires the U.S. private-equity firm, which owns a 10% stake in Gome—having invested $420 million in June 2009, when the then-cash-strapped retailer issued convertible bonds—hasn't been approached by any investment banks about a sale. Mr. Zhang, the founder of Beijing Dazhong Electrical Appliances Co., which Gome bought in 2007 for 3.6 billion yuan ($564 million), said Gome is considering acquisitions in smaller Chinese cities as it seeks to boost its market share in a fast-growing retail market. He also said he expects business in the second half to be stronger than in the first, supported by a rise in the number of government-subsidized housing units, replacement demand for home appliances in major Chinese cities, as well as new growth drivers such as smartphones.
China Leaders Forum 2011 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Upcoming Golden Networking’s Forums and Business receptions include:
• Public Finance Leaders Forum 2011 New York, "Navigating Uncharted Territories After S&P's U.S. Debt Downgrade from its Gilt-Edged AAA Credit Rating" (http://www.PublicFinanceLeadersForum.com), September 9, New York
• High-Frequency Trading Happy Hour New York (http://www.hfthappyhour.com), September 13, New York City
• High-Frequency Trading Leaders Forum 2011 Hong Kong , "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumhongkong.eventbrite.com), September, 19-21, Hong Kong
• High-Frequency Trading Happy Hour Hong Kong (http://hfthappyhourhongkong.eventbrite.com), September 22, Hong Kong
• High-Frequency Trading Happy Hour Singapore (http://hfthappyhoursingapore.eventbrite.com), September 22, Singapore
• High-Frequency Trading Happy Hour Chicago (http://hfthappyhourchicago.eventbrite.com), September 27, Chicago
• China Happy Hour New York (http://www.ChinaHappyHour.com), September 27, New York
• High-Frequency Trading Leaders Forum 2011 Chicago, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumchicago.eventbrite.com), October 3-5, Chicago
• China Leaders Forum 2011 New York, "How American Companies Can Plug into the Chinese Rocket-Propelled Economy?" (http://www.ChinaLeadersForum.com), October 7, New York
• High-Frequency Trading Leaders Forum 2011 Sao Paulo, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsaopaulo.eventbrite.com), October 24-26, Sao Paulo, Brazil
• High-Frequency Trading Leaders Forum 2011 Singapore, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World" (http://hftleadersforumsingapore.eventbrite.com), November 13-15, Singapore
Golden Networking has compiled the insights of top experts and industry practitioners and produced DVD Video Packages for its Leaders and Experts Forums, including:
• High-Frequency Trading Leaders Forum 2011 DVD Video Package, "How Speed Traders Leverage Cutting-Edge Strategies in the Post-Flash Crash World", http://www.HFTLeadersForum.com
• High-Frequency Trading Experts Workshop DVD Video Package, "Practical Implementation of High-Frequency Trading Strategies", http://www.HFTExpertsWorkshop.com
• 2nd China Leaders Forum DVD Video Package, "Is the Chinese Dragon Poised for Global Dominance or Economic Implosion?", http://www.ChinaLeadersForum.com
• Distressed Investing Experts Forum 2010 DVD Video Package, "Analyzing and Valuing Distressed Companies, Securities and Real Estate", http://www.DistressedInvestingExpertsForum.com
• Derivatives Leaders Forum 2010 DVD Video Package, "Strategies for Increasing Profits under an Evolving Regulatory Framework", http://www.DerivativesLeadersForum.com
• High-Frequency Trading Leaders Forum 2010 DVD Video Package, "Innovating and Profiting from High-Frequency Trading in 2010 and Beyond", http://www.HFTLeadersForum.com
• Hedge Funds Leaders Forum 2010 DVD Video Package, "Generating Alpha in Challenging Times", http://www.HedgeFundsLeadersForum.com
• High-Frequency Trading Experts Forum 2010 DVD Video Package, "Starting and Running a High-Frequency Trading Operation", http://www.HFTExpertsForum.com
• Distressed Investing Leaders Forum 2010 DVD Video Package, "Extraordinary Opportunities Investors Cannot Afford to Pass", http://www.DistressedInvestingLeadersForum.com
• China Leaders Forum 2009 DVD Video Package, "Addressing the Challenges Posed by the Present Wave of Chinese Globalization", http://www.ChinaLeadersForum.com
• Distressed Investing Leaders Forum 2009 DVD Video Package, "The Most Comprehensive Guide for Any Investor in Distressed Assets", http://www.DistressedInvestingLeadersForum.com
Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to info@goldennetworking.net. Golden Networking has been frequently featured in the press, including recent articles in The Wall Street Journal, "Happy Hour for High-Frequency Trading", The New York Times, "Golden Networking Helps Job Seekers Make Overseas Connections", Los Angeles Times, "Speed-addicted traders dominate today's stock market", Reuters, "Revamp looms as trading experts huddle at SEC" and Columbia Business School's Hermes Alumni Magazine, "10 Under 10".
Media Relations Contact
Natalia Nuzhnova
Manager
Golden Networking
516-761-4712
http://www.goldennetworking.net
View this press release online at: http://rwire.com/106069