Four years ago, Best Buy started acquiring Five Star, one of China's largest appliance and consumer electronics retailers.
The acquisition gave the American electronics chain a quick foothold in the Chinese market and a chance to increase its knowledge of Chinese customers. Soon after, the company also launched its Best Buy brand there too.
Five Star remained far more profitable though, and last year, the company announced it would close down its Best Buy stores to focus on expanding the Chinese chain instead.
The company plans to launch around 40 to 50 new Five Star stores in China, even as it's in
turmoil at home in the United States.
Best Buy's CEO Brian Dunn resigned unexpectedly earlier this month, amid an investigation into his "personal conduct." The company also has plans to shut 50 stores in the U.S.
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