Tencho Obtains Over RMB 100 Mln from Legend Capital

Oriental Morning Post, 10/19/09

Former Lenovo executive-led IT chain supplier Tencho Technology announced yesterday that it had received more than RMB 100 mln in investment from Legend Capital. Tencho president Zhang Hui said his company's goal is to set up 1,000 retail outlets over the next three years. The company's "Yi Shu Yi Ma" brand chain system currently provides PC and peripheral products and consumer electronics; at present, it has yet to offer any brands other than Lenovo (0992.HK). The company currently operates more than 90 Yi Shu Yi Ma outlets around the country.

Zhang said Tencho has established subsidiaries in Guangzhou, Dongguan, Hangzhou, Nanjing, Shanghai, and Beijing, and plans to set up more wholly-owned or -controlled subsidiaries in more major regional cities through acquisitions over the next year.

Keywords: Yi Shu Yi Ma Zhang Hui consumer electronics hardware Lenovo investment retail Legend Capital PC Tencho 0992.HK peripherals

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