Media Markt may shutter stores amid losses
By Wang Ying in Shanghai | China Daily | Updated: 2013-01-17 07:28
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A Media Markt store in Shanghai. The electronics retailer is jointly owned by the Germany-based Media-Saturn Holdings, a subsidiary of Metro Group, and Hong Kong-listed Foxconn Technology Group. Wang Juliang / For China Daily |
Metro suspends future funding of electronics unit, directs focus on wholesale arm
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