Chinese Hisense takes over Toshiba’s TV unit
Toshiba sells TV unit to Chinese group for $114m
Conglomerate seeks to secure finances after losses at US nuclear subsidiary
Toshiba is to sell its television business in its latest effort to raise emergency funds, parting ways with a division that once symbolised the dominance of Japanese technology and thrust the brand into millions of living rooms around the world.
Hisense is itself a big player in TV market