The relationship between Feisheng Electronic Technology and Philips is that Feisheng Electronic Technology is a wholly-owned subsidiary established after obtaining the Philips brand licensing agreement. After checking the official website of Feisheng (Shanghai) Electronic Trading Co., Ltd., we learned that Feisheng (Shanghai) Electronic Trading Co., Ltd. is the Chinese headquarters of MMD Enterprise Group. It was established in 2009. It is TPV Technology Co., Ltd. (TPV) that obtained the Philips brand licensing agreement. A wholly-owned subsidiary established later. Currently, MMD Enterprise Group exclusively markets and sells Philips brand LCD monitors and other related IT display equipment worldwide. Therefore, the relationship between Feisheng Electronic Technology and Philips is that Feisheng Electronic Technology is a wholly-owned subsidiary established after obtaining the Philips brand licensing agreement. Philips, founded in 1891 and headquartered in Amsterdam, the Netherlands, has more than 160,000 employees worldwide and is one of the world's largest electronics companies. It is mainly engaged in the design, production and sales of large and small home appliances, medical systems, lighting equipment, commercial display equipment, etc. Its products are sold to more than 150 countries around the world, making it a leader in the global medical and lighting market.