RadioShack announces China retail joint venture

AP News
Posted: Jun 08, 2012 10:06 AM

RadioShack Corp. has reached a deal to expand in Asia.

Fort Worth-based RadioShack on Thursday announced a joint venture with a Chinese company to open consumer electronics stores in China, Taiwan, Hong Kong and Macau.

Details are in a filing with the U.S. Securities and Exchange Commission.

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Cybermart will hold a 51-percent stake in the venture. The first store is slated to open next month in Shanghai.