Taiwanese retailer BuyNow announced their latest expansion into China on January 31st with news of purchase of a site in Suzhou, as well as acquistion of existing retail facility in Huizhou, Guangdong.
Buynow’s parent, Taiwanese computer maker Clevo purchased the site in Suzhou for US$36 million and the building in Huizhou, for US$7.5 million. The Suzhou store is scheduled to open in 2013, and the Huizhou location is planned for the late first half of 2011. The Suzhou facility will also include office space and additional retail space for sale.
Clevo opened its latest Buynow retail store in Heilongjiang, in December 2010, and plans to open two more stores, one each in Shandong and Guangdong, later in the first half of this year. Clevo currently has over 20 Buynow stores in China.