Lots of Chinese companies joined the CES 2016 with the purpose of aiming at the US market, which should be China's economic downturn. It is a chance for Apple and Samsung's Chinese rivals to standout, with OED makers and smaller tech firms competing its growth by off-setting the sales.
Loctek Visual Technology, a market leader in mounts for flat-panel TVs and tablets, even installed an independent brand in the US in 2015 to address its distressed sales. It now plans to install two warehouses in the US and move its factory to Vietnam.
It is said that they are now depending in the US market to grow their sales in 2016. They will be focusing on innovating and launching more products for this market, says Linda Shen, Loctek sales manager.
The company has doubled its investments in this year's CES in Las Vegas to boost presence in the US and other firms. The company is originally based in Ningbo, Zhejiang province, which is part of the Yangtze River Delta region.
Loctek had two booths of 230 square meters when CES 2016 began its four-day run last Wednesday. The company's participation last year only came up with one booth.
As per ifanr.com, a Chinese tech news website, Loctek is considered to be among the 1,120 Chinese companies with booths in the world's largest annual CES trade show. Together, they cover around 27% of the 4,119 exhibitors, with last year's share being doubled.
Most of the Chinese firms that joined CES 2016 came from the Yangtze River Delta, which is near the affluent East Coast of China and the Pearl River Delta region in South China. Two of China's top manufacturing hubs experienced a large drop in exports in 2015, and many firms are now aiming for the US market to ensure equality.