China Economic ReviewChinese electronic appliance company TCL has acquired Germany's only remaining manufacturer of television sets, Schneider, Xinhua reported. The agency gave no details of the deal, but said it was the latest in a series of overseas expansions by Chinese firms. Earlier this year, East Communications became the largest shareholder in US based InterWave communications company […]
Japanese electronics giant Toshiba said it wants to make and sell home appliances in China. The company's target is revenue of US$495m from sales of locally-made refrigerators and washing machines in 2005, but it would start local production only when foreign makers were allowed to operate in China without a local partner. Nikkei said that […]
Monitor maker TPV Technology plans to invest US$15m-US$20m to build a new flatscreen monitor manufacturing plant in Fujian province, South China Morning Post said. Construction of the new plant, which would add 5m-6m units to total production capacity, would start within three months and was expected to be complete in 2004. TPV, which is jointly […]
Electronics giants Sony, Philips and Pioneer have reached agreement with the Chinese Audio Industry Association for the use of technology in Chinese-made DVD players, Reuters reported. Philips, which had been entrusted by the other two with handling negotiations, said the deal was expected to be put into a formal licensing agreement within a few months. […]
Konka Group said that booming sales of its mobile phone handsets had contributed Yn22.5m to its first-half profit of Yn24.3m, after the company made a Yn191m loss for the first half of 2001. Konka, China's second largest maker of television sets, said that mobiles phones had become its second core business and a new driver […]