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SHANGHAI, China (AP) - Consumer electronics retailer Best Buy is opening its first outlet in China, teaming up with a local partner to tackle the hyper-competitive market for gadgets and appliances.
Best Buy, the No. 1 U.S. consumer electronics retailer, is one of scores of foreign retailers taking advantage of a lifting of limits on foreign competition to try to woo consumers in the world's biggest potential market.
The company joined with local electronics chain Jiangsu Five Star Appliance Co., China's 14th biggest appliance retailer, to open the store in Shanghai's busy Xujiahui shopping district.
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