Hong Kong - The four major labels have decided to withdraw from the local Hong Kong chapter of their International Federation of the Phonographic Industry (IFPI) trade group, opting to instead organize a separate organization, Hypebot reported. The companies called the move a "commercial decision."

Related Links:
http://www.hypebot.com/hypebot/2008/08/majors-withdraw.html

http://www.ifpi.org