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Panasonic sets $9bn sales target at new China-focused segment

Electronics maker eyes innovation hub for connected appliances

Panasonic TVs on display at a store in Tokyo. The Japanese company sees great potential in China's home appliance market.
Panasonic TVs on display at a store in Tokyo.   © Reuters

BEIJING -- Panasonic aims to boost revenue in its newly created China and Northeast Asia segment by around 40% from 2018 to 2021 to 1 trillion yen ($9.01 billion), strengthening its foothold in a future center for innovation.

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