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Profits skyrocket at Gome Appliance

by Tony Sagami on May 26, 2008

Gome Electrical Appliance is the largest appliance retailer in China and business is booming.

Gome reported a 203% increase in year-over-year profits.

Connect the dots, folks. If Gome is selling a mountain of appliances, what does that tell you about the health of the Chinese real estate market. What does it tell you about E-House, the Century 21 of China?

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