ID :
25070
Fri, 10/17/2008 - 13:25
Auther :
Shortlink :
https://www.oananews.org//node/25070
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CJ Home Shopping sets up 2nd joint venture in China
SEOUL, Oct. 17 (Yonhap) -- South Korean home-shopping channel CJ Home Shopping
Corp. said Friday it has set up its second joint venture in China, this time in
the northern coastal city of Tianjin.
The US$10 million venture, formed with two Chinese partners, is set to start
selling goods on live television for 10 hours a day beginning Saturday, the South
Korean company said in a statement.
The venture, named TianTian TV, aims to generate 1.9 billion won (US$1.41
million) in sales next year, according to the statement.
CJ Home Shopping launched its first joint home-shopping venture in Shanghai in 2004.
(END)
Corp. said Friday it has set up its second joint venture in China, this time in
the northern coastal city of Tianjin.
The US$10 million venture, formed with two Chinese partners, is set to start
selling goods on live television for 10 hours a day beginning Saturday, the South
Korean company said in a statement.
The venture, named TianTian TV, aims to generate 1.9 billion won (US$1.41
million) in sales next year, according to the statement.
CJ Home Shopping launched its first joint home-shopping venture in Shanghai in 2004.
(END)
