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RadioShack AO Message Board

  • shackitup69 shackitup69 Mar 22, 2013 11:31 AM Flag

    Yosen Group Becomes Supplier to RadioShack Greater China

    Yosen Group Becomes Supplier to RadioShack Greater China

    Mar 20, 2013 09:00:00 (ET)

    HANGZHOU, China, March 20, 2013 /PRNewswire via COMTEX/ -- Yosen Group, Inc. (stock symbol:YOSN) ("Yosen", or "the Company") announced the signing of Distribution Agreement with RadioShack's joint venture in Greater China, and thus became the supplier to RadioShack in the Greater China region.

    On January 31st, 2013, Foxconn International Holdings Limited's ("Foxconn") subsidiary First Honest Enterprises Ltd. and RadioShack Global Sourcing, a unit of the U.S. retailer, formed a joint venture (the "Foxconn - RadioShack JV") selling consumer electronics and offering other services in the Greater China region. The Foxconn - RadioShack JV, the first joint venture established by Foxconn and a retailer, will specialize in the sale of mobile phones, TVs and other accessories. With Internet Mobility as its pivotal business line, the joint venture's focus is to enhance 3C solutions for consumers (Computer; Communication; Consumer Electronics, or "3C"). Similarly, Yosen has been promoting cutting-edge digital products and committed to improving its customers' lifestyles through top notch 3C products and services. As stated by Yosen's management, bringing their customers to the most modernized, high-end experience has been Yosen's ultimate goal.

    Through this cooperation with Foxconn - RadioShack JV, Yosen will sell well-known brands of accessories at RadioShack's retail stores in the Greater China region, providing a full range of best products and allowing its customers to compare prices.

    About RadioShack

    For over ninety years, RadioShack has been a leading national retailer of innovative technology products and services, including personal, mobile, home technology, and power supply products. RadioShack's retail network includes approximately 4,700 company-operated stores in the United States and Mexico, 1,500 wireless phone centers in the United States, and approximately 1,100 dealer and other outlets worldwide.

    About Foxconn

    Hon Hai Precision Industry Co., Ltd., trading as Foxconn, is a Taiwanese multinational electronics contract manufacturing company. It is the world's largest electronics contract manufacturer measured by revenues. Foxconn is primarily an original design manufacturer, and its clients include major American, European, and Japanese electronics and information technology companies. Notable products that the company manufactures include the iPad, iPhone, iPod, Kindle and PlayStation 3.

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