August 28, 2014 11:02
Chinese manufacturers have recently chipped away at Korea's tight grip on the smartphone market, but apparently they're encroaching into other sectors as well.
Research firm DisplaySearch says three Chinese manufacturers -- Lenovo, LeTV and Xiaomi -- recently released televisions at extremely low prices, some up to 30 percent cheaper than competitors.
Xiaomi, for example, is selling a 49-inch Ultra high definition TV for around US$650. That's about four times lower than similar-class models offered by Korea's tech giant Samsung.
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