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GOME inks agreement with Qualcomm

Apr. 11, 2012 (China Knowledge) – GOME Electrical Appliances Holding Ltd<0493>, one of the major home appliance retailers in China, has signed a strategic cooperation agreement with U.S.-based Qualcomm Inc.

According to the agreement, GOME and Qualcomm will cooperate with China's three telecom operators and the world famous cell phone manufacturers to expand domestic Smartphone market.

Yesterday, GOME had signed a purchase of 12 millions handset with famous cell phone manufactures including Samsung, MOTO, Nokia and HTC.

Wang Junzhou, president of GOME group, said that the operation for custom-build products is the new wave of the future for cell phone market.

GOME expects to sell 15 million cell phones this year, 36% more than it sold in 2011, said Mao Xiaojun, vice president of GOME group.

At present, GOME has about 1,700 stores in over 400 cities, and it will establish 600 communication products flagship stores this year.

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