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Millet Strategic Investments in TCL Strengthen Supply Chain Capability of Dalian Electric Business

via:博客园     time:2019/1/6 17:32:28     readed:191

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Wang Pan, author of Tencent's Front Line

On the afternoon of January 6, TCL Group issued a bulletin announcing that Millet Group had a strategic stake in TCL Group. According to the announcement, on January 4, 2019, the millet group purchased 65,168,803 shares in the secondary market of Shenzhen Stock Exchange, accounting for 0.48% of the company's total equity. TCL said that the stake will help deepen the cooperation between millet and TCL industrial groups and build a closer strategic partnership.

Previously, TCL Group signed a strategic cooperation agreement with Xiaomi Group on December 29, 2018. The two sides will carry out joint research and development on the integration of smart hardware and high-end basic devices of electronic information core, innovate the application of new devices technology in next generation smart hardware, and establish mutual cooperation or joint investment in core, high-end and basic technology fields to promote innovative intelligence. Products.

The company's share-taking is another upgrade on the basis of past cooperation between the two sides.

In 2018, Dalian Electric Business has become a new growth point of Millet Group. Not only has smart TV become the first brand in China, but also the layout of white electricity market such as air conditioner and washing machine has begun. After the first organizational restructuring of millet, a new TV department was established to take charge of TV business and incubate new business such as air conditioning. At the same time, TCL has adjusted its strategy to focus on semiconductor display business, material business and emerging business.

Millet said the two sides have shown complementarity in business. Millet has product definition, R&D and design capabilities, as well as Internet thinking. After several years of establishment, Smart TV business has won the first place in China, and entered the Indian and other markets to enter the internationalization. TCL has supply chain and production experience, and is competitive in semiconductor display business. According to public data, TCL's Huaxing Optoelectronic TV panel ranked fifth in the world in the first three quarters of 2018.

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