国美

Battle for electronics retailer stirs Chinese fears of ‘Americanisation’

An ownership battle between the chief executive and imprisoned founder of Gome, one of China’s largest electronics retailers, has spilt over into an angry and sometimes nationalistic debate in the country’s media and internet.

Executives and advisers working for Gome say they have received death threats in recent weeks from people claiming to be supporters of Huang Guangyu, the company’s founder and once China’s richest man.

Mr Huang is serving a 14-year sentence for bribery and insider trading but he remains the largest single shareholder in Hong Kong-listed Gome, with about 34 per cent of its shares.

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