TiVo to Introduce Service in China This Year

TiVo Inc. said it planned to introduce its digital video recording service in China this year in a bid to boost its financial performance.

TiVo has been expanding overseas to raise earnings after it posted its third-straight quarterly loss last month. The Alviso, Calif., company is trying to tap rising personal wealth in China, the world’s fastest-growing major economy, where per-capita disposable income in towns and cities increased at an annual rate of 10.8% in the first quarter.