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Chinese TV-Maker Konka Expands Africa Presence With Factory in Egypt

As domestic competition intensifies, Chinese home electronics companies are seeking opportunities to expand their businesses into overseas emerging markets to sustain growth. Konka Group, a Chinese home appliance maker known for its TVs, has set up a factory in Egypt as part of a joint venture with local electronics company Hoho Electric & Furniture Co. to tap into LED TV markets in Africa and the Middle East, state-run Xinhua news agency reported Friday...

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