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May 30, 2017

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Foxconn forms alliance with mainland video website Letv

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, a mainland Chinese Internet video website.

Gou Shou-cheng, a senior aide to Hon Hai Chairman Terry Gou, and 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.

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