Best Buy Inc Dual Branding In China China has announced that the China-based internet exchange services supplier Huadai Bao will acquire 75% of their Korean suppliers, in a deal that is imminent. The five Korean companies will not be automatically merged, but will belong to Huadai Bao, to present the Korean companies’ Chinese name. Huadai Bao will acquire the group to present the Chinese names. “A quick reply suggests that the Chinese government put out a resolution to this issue,” said the official news agency. China has reportedly received the agreement from Huadai Bao, in place of a separate text dated Jun 16. An official statement announced on May 7 came a day after Huadai Bao signed a resolution imposing a temporary ban on Chinese mobile and internet platforms, with an accompanying restriction. According to the official launch statement, Huadai Bao was selected to present the Chinese companies’ Chinese names and in view of the ban, Huadai Bao will hold its meeting with their Korean counterparts tomorrow. According to the official announcement, Huadai Bao was chosen to present the Chinese companies’ Chinese names and “in view of the ban.” The company is said to have accepted 20% of Huadai Bao’s sales in China. The only notable change to an earlier one, both product side and feature side reviews submitted by the Chinese company, resulted in a less-than-stellar review volume.
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At a time when competing technical services providers are in abundance, the Chinese government is laying much groundwork in its efforts to resolve technical issues and improve the service delivery. Long-term, however, the Chinese government has made it easier to use any Chinese company names to handle technical issues. “There are still important issues when both side vendor platforms have to agree,” said Thomas Horvath of Chinese Ministry of Industry and Information Technology. To encourage participation, Huadai Bao is using the exchange service for its Chinese brand name, Lu Qi. The official publication said this is especially significant because companies should avoid having their Chinese name pulled out. The Chinese government has long been reluctant to officially change its name, with other countries losing their tech companies. In China, Huawei International is said to pull out the term Beijing-based Huawei Technology Factory (HQT). Huawei has worked in China for over four years and has had some success winning international competitions. Now, it leaves Huawei to concentrate on their service providers, the China Times reported. Huawei companies with Chinese name have reportedly been working with Huawei Technologies to implement some changes.
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