Fort Worth-based RadioShack announces China deal

FORT WORTH, Texas

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.

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Online:

http://www.radioshack.com

http://www.cybermart.in/