• Kyodo News

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Pioneer Corp. said Thursday it has reached an agreement to form a “strategic” alliance with major Chinese home electronics retailer Suning Appliance Co. to boost sales through the Chinese company’s extensive marketing networks in the fast-growing country.

Pioneer hopes annual sales of its audiovisual products in China will exceed ¥10 billion in three years as it relies on the business knowhow of the Nanjing-based company.

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