In 1978, the founders introduced LED games they had developed to buyers from RadioShack in the US, which were sold under the RadioShack brand. The United Kingdom was chosen as the first market for Pong, as Hong Kong and the UK used the same standard for television systems. Since only consumers in North America and Europe could afford such items, the company targeted primarily these markets. In 1977, the company created its first home TV game console, a version of Pong. VTech initially focused on developing video games. In the first year, turnover was less than US$1 million. Wong & Leung set up a small factory in To Kwa Wan, with a US$40,000 investment and a staff of 40 people.
LEARNING LODGE VTECH WIKIPEDIA PORTABLE
When the first single-chip microprocessor, the Intel 4004, became available in the early 1970s, the company saw the potential it offered for portable consumer electronics products. VTech was founded in Hong Kong in October 1976 by two local entrepreneurs, Allan Wong (Chi-Yun) and Stephen Leung.
VTech has developed edutainment consoles since 1988, their first being the Socrates. It also terminated its American Depositary Receipt programme with effect from 21 January 2011. VTech delisted voluntarily from the London Stock Exchange on 7 October 2008.
In 1993, the company established its American depositary receipt programme. In 1992, the company relisted on The Stock Exchange of Hong Kong Limited, establishing a dual primary listing with London. VTech obtained a primary listing on the London Stock Exchange in 1991. It was privatised and delisted from The Stock Exchange of Hong Kong Limited in 1990. The company first listed in Hong Kong in June 1986 under the name "Video Technology International (Holdings) Limited". In 1991, it was renamed "VTech Holdings Limited" to reflect a wider portfolio of products. The company was originally named "Video Technology Limited" in reference to the company's first product, a home video game console.
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