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RadioShack Corp. Message Board

  • shackitup69 shackitup69 Feb 1, 2013 10:46 AM Flag

    Little bit of News: Hon Hai Group, RadioShack to team up in China

    Hon Hai Group, RadioShack to team up in China
    2013/02/01 21:42:30
    Taipei, Feb. 1 (CNA) Foxconn International Holdings Ltd., a unit of Hon Hai Precision Industry Co., has agreed with U.S.-based retailer RadioShack Corp. to set up a joint venture selling consumer electronics and offering other services in the Greater China region.

    Foxconn International subsidiary First Honest Enterprises Ltd. and RadioShack Global Sourcing, a unit of the U.S. retailer, set up the joint venture Perfect Legend Development Ltd. on Jan. 31.

    The new company, the first joint venture set up by Foxconn International and a retailer, will specialize in the sale of mobile phones, TVs and other accessories.

    Perfect Legend will feature RadioShack-branded 60-inch TVs in the initial stages and is planning other offerings.

    The company is in the process of deciding how many stores it will have in China and where they will be located, and it has also begun work on its online

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