Xi Jinping Introduces Letv to the African Delegates – Likely to Enter African Market
The Chinese internet major, Letv has sheer intends to foray into the African market. According to latest reports issued by Chinese media; the last week China-Africa Cooperation Forum in Johannesburg, South Africa witnessed Chinese President Xi Jinping accompanying Letv co-founder Liu Hong to hold high-class talks with African delegates.
Reports says that during the Governmental summit, Letv held talks with Mzwandile Masina, Deputy Minister of South African Trade and Industry and also met with South and African Trade and Investment Bureau to better understand working with South African companies in the fields of cloud computing, content and terminals.
Analysts say Letv, as an icon of Chinese internet companies, may speed up its globalization and land its ecosystem into Africa.
Letv’s unique eco-business model comprises platform, content, devices and applications, has had great success in China and other markets. Letv may replicate and adapt its ecosystem business model for Africa with South Africa being the first country the conglomerate ventures into.
Letv Clouds Computing Company claims to have more than 650 CDN nodes with a total bandwidth of more than 10 terabytes.
South Africa, as the only African country in the BRICS block, plays a leading role in China and African cooperation. At the end of 2014, South Africa was China’s largest trading partner in Africa for the 5th consecutive year and China is also South Africa’s biggest export market for the last six years.
