What can we learn from the recent NVC Lighting’s power struggle between company founder Wu Changjiang and Elech-Tech International (ETI) CEO Wang Donglei? According to a recent report from Tencent, the dramatic transition of power and management reflects how Chinese companies operate differently from the West.

West of the Panasonic Group has recently decided to shut down its cold cathode fluorescent lamp (CCFL) factory in the Southern Taiwan Science Park, as LED backlight is gaining ground for various applications including LCD TVs, the Taiwan Economic News reports. According to industry executives, the closure of the CCFL factory indicates the trend of LED quickly replacing CCFL as backlights in LCD TVs, laptops and monitors.