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RadioShack Reaches Chinese Expansion Deal

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FORT WORTH (AP) - Radioshack Corp. has reached a deal to expand in Asia.

Fort Worth-based RadioShack on Thursday announced a joint venture with a Chinese company to open consumer electronics stores in China, Taiwan, Hong Kong and Macau.

Details are in a filing with the U.S. Securities and Exchange Commission.

Cybermart will hold a 51-percent stake in the venture. The first store is slated to open next month in Shanghai.

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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