Tuesday , January 19 2021

Ziaomial strategic shares in TCL cooperation with Air Conditioners, Washing Machine and other major businesses – Xiaomi Xiaomi Technologies



On the 6th of January, afternoon, the TCL Group announced that Zomi Group strategically invested in the TCL group.From

According to the announcement, on January 4, 2019, the Siaomi Group bought 65,168,803 shares through the secondary market of Shenzhen Stock Exchange, which holds 0.48% of the company's total share capital. TCL said that acquisitions will help strengthen cooperation between Siyomei and TCL and make close strategic partnership.

Earlier, on December 29, 2018, the TCL Group signed a strategic cooperation agreement with the Xiaomi Group. Both sides will jointly research and develop on the integration of intelligent hardware and electronic data core high-end basic components and renew the renewal of new device technology in the next generation of intelligent hardware. Establish mutual cooperation or joint investment in core, high-end and basic technology sectors to encourage the latest smart products and to continually improve the experience and exposure of users around the world.

In 2018, the home appliance business became a new growth point for the Zomi Group. After the initial organizational reconstruction of Ziaomani's listing, the TV department was considered responsible for the TV business, while boiling new businesses like air conditioners. At the same time, as a giant in the home appliance industry, TCL Semiconductor will adjust its strategy of focusing on display business, content business and emerging business.

Therefore, both sides have shown strong supplement in their business. Zoomi has strong production definition, R & D and design capabilities as well as advanced internet thinking. TCL has a very rich supply chain and production experience and semiconductor displays are highly competitive in the business. According to public data, TCL's Huxing Optronics TV panel has the world's fifth position in the first three quarters of 2018.


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