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Chi Mei Group, the Taiwan-based LCD panel manufacturer, has jointly announced with Suning in Shanghai that the two companies will cooperate to explore Chinese mainland's flat-panel TV market. Cheng Fayun, marketing director for Chi Mei's Shenzhen Nexgen Trading Company Shanghai Office, says that the current annual capacity of the Chinese mainland LCD panel market is about 17 million, of which the LCD panels of Chi Mei occupy a 45% market share. In most countries across the world, the annual growth rate of the flat-panel TV market is over 50%, but the rate in Chinese mainland market is only 34%, which represents a great potential for the company. That is the reason for Chi Mei's entry into the mainland flat-panel TV market.... [read full story]
