Hon Hai plans to open retail store in Kunming
By Guo Anfei and Tang Zhihao | China Daily | Updated: 2011-02-25 07:52
KUNMING - Multinational electronics manufacturer Hon Hai Precision Industry Co is investing one billion yuan ($152 million) to open a CyberMart-branded store in Kunming to test the water in digital retailing.
The company signed a contract with the city government on Thursday to open a 17,500-square-meter store in 2012 in the capital of Southwest China's Yunnan province.
"Demand for digital products is expected to rise in Kunming because per capita purchasing power has gradually risen in the city over the past few years," said Terry Guo, founder and owner of Hon Hai Precision Industry.
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