Media Markt to close stores by end of April
By Wang Ying in Shanghai | China Daily | Updated: 2013-02-28 08:01
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A Media Markt store in Shanghai. The electronics products chain has announced it is withdrawing from China due to fierce competition. Jing Wei / For China Daily |
Media Markt China Ltd, the electronic products chain owned by Germany's Media-Saturn Holdings and Foxconn Technology Group, will close its seven Chinese stores on March 11, a senior company official said on Wednesday.
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