Baofeng Group, 8/15/17
Internet video company Baofeng Group (300431.SZ) has announced a proposal to bring in strategic investors for its Shenzhen-based Internet TV subsidiary Baofeng Tongshuai Technology. Confirmed investors include the controlling shareholder of the company and related parties, as well as independent third parties.
Baofeng Tongshuai primarily produces TV sets under the Baofeng TV brand. According to Baofeng Group's 2016 annual report, Baofeng Tongshuai had revenue of RMB 929 mln and a net loss of RMB 358 mln.