In a filing with the Shenzhen stock exchange, TV maker Konka Group said its leading shareholder, Overseas Chinese Town Group, had received approval to sell a 4.82% stake in the company to Th... Read more
German conglomerate Siemens announced it was ending its sponsorship of China's soccer Super League after just one season. The league was set up to boost the image of soccer in China, but... Read more
Troubled TV maker Sichuan Changhong Electric Appliance Co. announced it had secured an RMB3bn (US$360m) emergency line of credit to help cover the cost of operations in the face of heavy los... Read more
US-based Apex Digital, already accused of defaulting on payments to big TV exporter Sichuan Changhong Electric leaving the Shenzhen TV maker US$500m short, reportedly owes Shenzhen DVD playe... Read more
Sichuan Changhong Electric, which at one point accounted for 90% of Chinese TV exports to the US, revealed US$500m in losses, partly resulting from declining sales but mostly from payment de... Read more
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