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Czech billionaire saves piano company threatened by Chinese retaliation

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Back in February, Axios wrote about how the classic Czech piano company Klaviry Petrof, founded in 1864, could face losses after China threatened retaliation on Czech companies after a Czech politician planned to visit Taiwan, which the Chinese government views as part of its territory.

After a second Czech official visited Taiwan in August, China made good on that threat — a Chinese company suspended a USD 23.8 million order of the Czech-made pianos. But Karel Komárek, a Czech entrepreneur and billionaire, stepped in and bought the 11 pianos originally intended for China.

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