HONG KONG, June 10 GOME Electrical Appliances
Holdings Ltd, backed by private equity firm Bain
Capital, said on Monday it expects its e-commerce business to
turn a profit in 2014.
"We aim to achieve our goal of seeing a profit in e-commerce
in 2014. I am confident we can achieve that goal," Chief
Financial Officer Fang Wei told Reuters after a shareholders'
meeting in Hong Kong.
GOME's e-commerce business posted a first-quarter loss of
120 million yuan. Fang said the company would close 80 to 100 of
its larger stores in 2013 and open 100 smaller stores.
(Reporting by Donny Kwok; Editing by Miral Fahmy)