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Media Markt Responds to Rumor of Retreating from China

Netease Tech, 1/10/13

Following recent rumors that Media Markt - the consumer electronics retail joint venture between Taiwanese electronics manufacturer Foxconn (2038.HK; 2354.TW) and German wholesale retailer Metro Group - would pull out of the China market, the company issued a statement on January 9 saying that its shareholders are "currently analyzing the data gathered during the market trial stage of operations and evaluating strategies for the company's next move. Read More

Metro, Foxconn to Open 1st Shanghai Store in October

Netease Tech, 5/21/10

German wholesale retailer Metro Group announced in Shanghai today that it plans to open the first location of its Media Markt line of electronics retail stores in Shanghai this October. Read More

Metro Group, Foxconn Ally on Retail

Metro Group PR, 3/25/09

German retailer and wholesaler Metro Group has announced it will form a joint venture with consumer electronics outsourced manufacturing firm Foxconn Technology Group (2038.HK; 2354.TW) to launch a new consumer electronics retail chain in China. Read More