Best Buy Co., Inc. says that Zhejiang province-based real estate firm Jiayuan Group has agreed to acquire its Five Star electronics business, according to a company announcement. Deal terms were not disclosed. The divestiture to Jiayuan Group, a company led by chairman Shen Yuxing, will not affect Best Buy’s private label operations in China, says […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.