News Snapshot:
A man walks past a GOME store in Shanghai August 26, 2013. Chinese white goods makers like Haier Electronics Group Co Ltd are muscling in on their distributors and expanding into logistics and e-commerce in a bid to win the fierce battle for margins in the world’s biggest home appliances market. This strategy shift is expected to hurt retailers such as market leader Suning Commerce Group Co Ltd and GOME Electrical Appliances Holding Ltd as slowing economic growth and increasingly thrifty, web-savvy consumers intensify the already cut-throat competition in the $89 billion sector. Picture taken August 26, 2013. REUTERS/Aly Song...
