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YCY Holdings Limited was established on 15 October 2001 and started its business in AV products wholesaling and installation services. In 2001, YCY was appointed by Pioneer (HK) Ltd. as the contracting installer for Pioneer Plasma TVs in Hong Kong up-to now. In 2002, YCY was appointed by Samsung Electronics H.K. Co. Ltd. as the contracting installer for its Plasma and LCD TVs in Hong Kong till now.
Also in 2002, YCY developed a new AV retailing concept and opened its first shop in name of AV Life in Tsim Sha Tsui. With its specialization and professionalism in AV products, AV Life successfully gained recognition from the market and suppliers.
In 2004, Samsung Electronics H.K. Co. Ltd. appointed YCY as the premium distributor of its Plasma and LCD TVs in Hong Kong.
YCY’s wholesaling, retailing and installation services have continued to grow steadily from year to year. Its sales turnover in 2006 had reached nearly HK$2 billions. In 2007, YCY extended its specialized and professional retailing business to other home electrical appliances and digital products, so subsidiary companies, like Life Electric Ltd and Life Digital Ltd were incorporated progressively.
Besides its core business, YCY is also active in strategic partnerships with other corporations. In 2008, YCY coordinated with Samsung Electronic HK Co. Ltd. and supplied up to HK1 billion products and services to HSBC for its customers.
In 2006, YCY earned the Entrepreneurial Spirit Awards granted by Capital Entrepreneur (a member of South China Group). Also, it has been chosen as one of the Most Valuable Companies in Hong Kong by Mediazone Group for the fifth consecutive year since 2006 as well.
The new expansion in business scope and business partnership strategy will probably bring YCY higher achievements in the coming future.
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