limited type joint stock industry electrical appliance retailing founded 1987 founder mr. wong kwong yu headquarters beijing people s republic of china area served people s republic of china hong kong key people chairman mr. chen xiao products electrical goods consumer electronics revenue rmb 24 729 million 2006 1 net income rmb 819 million 2006 1 number of employees 49 687 2 website http www.gome.com.hk gome electrical appliances holding limited in chinese sehk 493 is one of the largest privately owned electrical appliance retailers in mainland china and hong kong . it was founded by wong kwong yu huang guangyu a chinese businessman in beijing in 1987 . its brand name gome was first adopted in 1993 . since 1999 it has developed outside beijing and established retail outlets in other chinese cities . it was listed on the hong kong stock exchange in 2004 . 3 4 as of 2008 wong is the chairperson the controlling shareholder and the director . the company is incorporated in bermuda . 5 history edit in 1987 gome s first electrical appliance retail outlet was opened in beijing . in 1999 the company expanded outside of beijing to tianjin . in 2004 gome was selected as one of the key and strategically important enterprises in china by the ministry of commerce . in 2006 the company merged with china paradise . as of 2010 there are a total of 826 stores 572 traditional stores 13 digital stores and 2 flagship stores throughout mainland china . in november 2008 the hong kong stock exchange indefinitely halted trading of the company shares after police revealed that wong was under investigation for stock manipulation . 5 he resigned from company chairman on 16 january 2009 . 6 in november 2010 the company reported third quarter 2010 net profit of 477.5 million yuan an increase of 24 per cent from the same period in 2009 despite a public dispute between founder wong and chairman chen xiao over business strategy . 7 in january 2013 it was announced that gome badged retail stores in hong kong would begin to close from march 2013 the six stores concerned are owned directly by wong and not the listed company . 8 the move marks a shift in emphasis for the company from one based on overseas expansion to one based on an increasing presence online and in second tier chinese cities the company will remain in hong kong as a wholesaler . references edit a b http www.gome.com.hk eng business 06 . asp http finance.google.com finance q hkg % 3a0493 gome electrical appliances holding limited gome electrical appliances holding limited company profile snapshot a b china s richest man under investigation . cnn . retrieved on november 24 2008 . resignation of director appointment of chairman reappointment of executive director and appointment of nomination committee member and remuneration committee member http www.thestandard.com.hk news detail.asp we cat 2 & art id 104976 & sid 30308556 & con type 1 & d str 20101116 & fc 2 sun celine 22 january 2013 hong kong closures 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