Foxconn forms alliance with mainland video website Letv
March 6, 2013, 12:34 am TWN
TAIPEI, Taiwan -- Foxconn — the face of Taipei-based Hon Hai Precision Co. in China — announced yesterday in Beijing that it will form a joint venture with Letv.com, a mainland Chinese Internet video website.
Gou Shou-cheng, a senior aide to Hon Hai Chairman Terry Gou, and Letv.com Chief Operations Officer Liu Hong jointly made the announcement, saying that the two businesses have agreed to forge a strategic cooperation relationship.
Under the agreement, Foxconn will produce Letv-branded "super televisions" and Internet TV boxes.
Liu said the strategic links will improve Letv's TV-related products to the level of Apple Inc. devices.