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TMCNet:  CNTV, Beijing Xiaomi Reach Partnership

[January 28, 2013]

CNTV, Beijing Xiaomi Reach Partnership

Jan 28, 2013 (SinoCast Daily Business Beat via COMTEX) -- Future TV Co., Ltd. (transliterated), a subsidiary of China Network Television (CNTV), held a strategic cooperation news conference with Beijing Xiaomi Technology Co., Ltd. today.

Signing an agreement at the conference, both sides will have full-scale strategic cooperation in IPTV (Internet Protocol Television) industry in the coming three years.

It is said that Future TV operates IPTV business, whose business has already covered nearly 10 million users since the establishment of the company one year ago. The company has established partnerships with TCL Corporation (SZSE: 000100), Hisense Group, Konka Group Co., Ltd. (SZSE: 000016), Beijing Ysten Technology Co., Ltd. (transliterated), Leshi Internet Information and Technology Corp., Beijing. (SZSE: 300104).

This is Xiaomi's first partnership with an integrated IPTV control and broadcasting platform. After approved by regulatory departments concerned, Xiaomi will sell its set-top box (STB) in pilot places including Shanghai, Hangzhou, Changsha, etc.

In November 2012, Xiaomi launched its new product, Xiaomi STB, which was researched, developed and manufactured by Duokan, an electronic reading solutions provider fully acquired by Xiaomi.

Source: www.qq.com (January 28, 2013)

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