Get Our Weekly Email Newsletter
I.T. Skills In Your China Business!IPS works with institutions and corporate clients to deliver computer skills training and ICT solutions, as well as internal assessments and benchmarking. More Info Here...
China International Fair for Investment and Trade @ Xiamen - 2010/09/08
First International Conference on Networking and Distributed Computing @ Hangzhou - 2010/10/21
Conference on Energy Strategy and Technology @ Beijing - 2010/10/23
11th China Solar PV Conference and Exhibition @ Nanjing - 2010/11/18
The 9th International Conference on Web-based Learning @ Shanghai - 2010/12/08
2010 IEEE International Conference on Information Theory and Information Security @ Beijing - 2010/12/17
Metro To Open Media Markt In Shanghai In 2010
January 12, 2010 |
Print
| 
Email
| 
Comments | Category: Business, Gadgets & Electronics
German retail giant Metro has announced that its electronics sales subsidiary Media Markt will establish a joint venture with Taiwan-based Hon Hai Precision Industry for electronics retail operations in mainland China.
The two companies plan to open the first Media Markt in Shanghai before the end of 2010 and they will develop over 100 outlets in mainland China in the next five years. With the opening of the Shanghai Media Markt store, China will become the 17th overseas marketplace for Media Markt. But China already has entrenched competitors from electronics retailers such as Gome, Suning, Dazhong, and Best Buy.
Media Markt and Hon Hai reportedly signed an agreement at the end of 2009 for the establishment of a joint venture, in which Metro owns a 75% stake and Hon Hai owns the remaining 25% stake.
Dr. Eckhard Cordes, CEO of Metro, said that China is a market that is full of opportunities and of strategic importance. With the entry of Media Markt, consumers in China will gain access to its innovative products.
Related Links:
Recommend this page: 
Loading ...Leave A Comment:
-
Gadgets & Electronics
-
Internet
- Focus Media Dumps Chinese Internet Advertising Company Allyes
- Beijing Computing Center, Dawning Join Hands For Cloud Computing Lab
- Foshan Makes Cloud Computing Move In Southern China
- Shanda Games Launches Outsourcing Platform
- Sohu.com Reports Higher Internet Advertising Revenue, But Drop In Wireless Services
-
Law & Policy
- China's Huawei Accused Of Trade Secret Theft By Motorola
- Beijing Starts Work On Convergence Of Three Networks
- Microsoft's New Gaming Device Will Not Be Sold In Chinese Mainland
- The End Of Social Networking Sites In China?
- EU Launches Anti-dumping Case Against Chinese Wireless Wide Area Networking Modems
-
Security
-
Software
-
Telecom & Wireless
- HTC Launches New Mobile Phone Brands In Mainland China
- Microsoft, Hanvon Team For Development Of Chinese Business Tablet Computer
- Apple Starts iPad Sales In Hong Kong
- Sohu.com Reports Higher Internet Advertising Revenue, But Drop In Wireless Services
- China's Huawei Accused Of Trade Secret Theft By Motorola
Copyright 2010 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts for personal non-business use where you will not gain in any monetary way, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaTechNews.com. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 