Dec 26, 2012
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Beijing-based online matchmaking site operator Jiayuan.com (Nasdaq: DATE) today announced that its Board of Directors has approved the appointment of Rose Gong (Gong Haiyan) as a non-Executive co-Chairwoman of the company, alongside Jiayuan's existing Chairman Qian Yongqiang, effective December 24, 2012.
Chinese multi-platform marketing company Acorn International (NYSE: ATV) today announced that it had, through its wholly-owned subsidiary China DRTV, Inc., agreed to purchase a total of 7,859,550 ordinary shares (equivalent to 2,619,850 American Depositary Shares (ADSs)), in the form of ordinary shares and ADSs, from a limited number of former company employees and their affiliates.
Wang Junzhou, president of Chinese home appliance and consumer electronics retailer Gome (0493.HK), yesterday announced that Gome's new strategy will focus on expanding retail locations primarily in second-tier and third-tier cities, including 200 new stores slated to be built in second-tier cities in 2013.
The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.
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