By  on March 20, 2012

QVC Inc. is teaming up with China National Radio in a joint venture to jointly operate a multimedia retailing business in China through the CNR Mall TV shopping channel and its e-commerce Web site.

The closing of the transaction is still awaiting approval from regulators in China, which is expected in the coming months. The joint venture, called CNR Home Shopping Co. Ltd., is structured with QVC holding a 49 percent stake, and will be based in Beijing.

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