Search

Media Markt Responds to Rumor of Retreating from China

Netease Tech, 1/10/13

Following recent rumors that Media Markt - the consumer electronics retail joint venture between Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW) and German wholesale retailer Metro Group - would pull out of the China market, the company issued a statement on January 9 saying that its shareholders are "currently analyzing the data gathered during the market trial stage of operations and evaluating strategies for the company's next move. Read More