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Hisense taps into US digital TV market ( 2004-01-14 16:55) (chinadaily.com.cn by Shen Wei)
China¡¯s major digital television maker,
Hisense Company Ltd, signed a
cooperation agreement with US Digital Television Inc (USDTV) to provide 100,000
set-top digital receivers. According to
the agreement Hisense will export more than 400,000 receivers to USDTV every
year. Hisense said the agreement did not set a time limit for the cooperation,
adding that the scale of exports may be further adjusted to meet
demand. Hisense is believed to be the first
domestic TV producer to receive US contracts since the US Department of Commerce passed
an anti-dumping ruling last November. The ruling announced preliminary
anti-dumping duties of 28-46% on TV sets exported by four Chinese TV makers ¨C
Sichuan Changhong
Electric Co, Xiamen Overseas Chinese Electronic Co (Xoceco), Konka Group Co and
TCL Holding Co A senior
Hisense official suggested that the cooperation with USDTV will bring Hisense a
comprehensive distribution channel in the United States. Since USDTV¡¯s equity
backers have ties to Wal-Mart, he said Hisense digital TV products could be
distributed via thousands of Wal-Mart outlets throughout the United
States. Industry
analysts say China¡¯s TV makers are modifying their export structures. Since
Chinese companies are facing a greater risk of anti-dumping rulings, more
high-end TV products will be exported.
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