VTech will stay on mainland despite wage cost

Despite rising labour costs, VTech Holdings will keep its manufacturing on the mainland for the next five years, said the Hong Kong-listed company's chairman Allan Wong Chi-yun.

The company is the world's largest manufacturer of cordless phones, with a 31 per cent global market share, according to a Kim Eng Securities report.

via Business feed http://www.scmp.com/business/china-business/article/1082662/vtech-will-stay-mainland-despite-wage-cost