QVC Announces China Joint Venture

QVC announced that it has signed a definitive agreement to form a joint venture with Beijing-based China National Radio, China's government-owned radio division. As partners in a joint venture, CNR and QVC will jointly operate a multimedia retailing business in China through the CNR Mall TV shopping channel and its e-commerce website (www.CNRMall.com), leveraging the strengths and resources of each company. QVC, Inc is a wholly owned subsidiary of Liberty Interactive Corporation LINTA.