Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Company

Xiaomi buys 0.48 percent of TCL’s equities by Jan.4

January 08, 2019


Abstract : China’s leading consumer electronics enterprise TCL Corporation (000100.SZ) announced that Xiaomi Group has purchased 65.1688 million A-shares or 0.48 percent of the equities of TCL on the secondary market sale as of January 4.

timg (1)

BEIJING, Jan.8 (Xinhua) -- China’s leading consumer electronics enterprise TCL Corporation (000100.SZ) announced that Xiaomi Group has purchased 65.1688 million A-shares or 0.48 percent of the equities of TCL on the secondary market sale as of January 4.

Earlier on December 29, the company had signed a straregic cooperation agreement with Xiaomi Group on launching the joint rearch and development (R&D) on integration of intelligent hardware and electronic information core high-end basic devices.

Xiaomi said that it plans to transform into an innovative technology company focusing on semiconductor display and materials. The equity acquisition is a move for the company to launch multiple-dimension strategic cooperation on capital operation, based on its long-term development plan. (Edited by Ma Xin, maxin11@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Xiaomi TCL

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial