What is the relationship between Yaming and Philips?

What is the relationship between Yaming and Philips? In recent years, the 'Ya' brand has faded out of the public eye. After Shanghai Yaming and Philips established a joint venture company, Yafei, in accordance with the agreement at the time, the right to use the 'Ya' brand in LED projects was handed over to Yafei. However, the joint venture company did not use the 'Asia' brand. A person familiar with the matter said, “In the early days of the cooperation, as everyone knew that the Asian brand and Philips were produced by the same company, and the price of Philips was higher than that of the Chinese brand, the Asian brand sold better. Those who have the right to operate When Philips saw this situation, it started a price war within the joint venture company. Instead, Philips sold at a lower price than the brand, which hindered the development of the Asian brand.'