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Konka set to expand overseas, riding advances in TVs, home appliances

Konka Group Co Ltd, a Chinese television manufacturer, is ramping up efforts to expand its presence in overseas markets, especially in Africa and the Middle East, in a bid to seek new growth points despite the slowdown in the domestic TV sector.

The company has announced it will set up a joint venture with Hoho Electrical & Furniture Co Ltd, an Egypt-based home appliances company. This will be followed by an investment in the construction of a new factory.