5 Domestic TV Makers Form Alliance

China Business News, 4/29/08

The State Council Development Research Center's China Business Evaluation Association has overseen an industry alliance between five major Chinese TV manufacturers - TCL Multimedia (1070.HK), Hisense (600060.SH), Konka (200016.SZ, 000016.SZ), Changhong (600839.SH) and Xoceco (600870.SH). The alliance has committed to not using the Olympics as an opportunity to increase prices, to keep average prices below that of foreign brands, and to work together on the R&D of LCD modules and joint procurement of panels in order to better negotiate reduced prices. Technical and resource partnerships between the five firms will also be used to reduce reliance on foreign-invested upstream suppliers.

Keywords: TV set television TCL Multimedia 1070.HK Hisense 600060.SH Konka 000016.SZ Changhong 600839.SH Xoceco 600870.SH alliance Development Research Center hardware LCD Olympics State Council 200016.SZ

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily