Μjust a few hours ago the TCL Group , a company which ranks among of world technology for production of electronics, especially for televisions (is fourth in the ranking after Samsung, LG and Sony ), announced through a form that the Xiaomi would acquire a small stake in the same company.
This announcement states that on January 4, 2019 the Xiaomi took 65.168.803 shares via the Shenzhen Stock Exchange. This represents about 0,48% of the total share capital of the company .
The TCL stated that this acquisition will help deepen the cooperation between it and Xiaomi, and will build a new strategic partnership as well and that it will take an active part in conquering the global technology market.
TCL Group and Xiaomi: a new strategic partnership
Already last month, and specifically on December 29 The TCL Group has signed a strategic partnership agreement with Xiaomi, and in a very short time reached an agreement to buy shares, albeit on a small share. The two sides will now work together as well will carry out joint research and development, on the integration of high quality key components (in terms of hardware platforms), and will help each other to develop AI more and more , which is its biggest asset Xiaomi .
Knowing that its production TCL Group focuses mainly on TVs, we will expect some nice surprises from this new collaboration. The application of this technology, the document says,thanks to the joint investment of these companies, will enable the promotion of smart innovative products and the continuous improvement of the user experience and interaction around the world.
The TLC will put into play all of its TV experience, thus helping Xiaomi in its production and development in this field. And to give just one example company's firepower, TCL Group Huaxing Optoelectronic TV has taken fifth place in sales for the first three quarters of 2018 worldwide.
Therefore, the two sides have one strong alliance in business: with Xiaomi having a well-established market presence, research capability, and expertise in development and design, as well as a comprehensive vision for the future of the Internet in everyday life.
TCL, on the other hand, has a large distribution chain , production experience and is particularly competitive in TV industry, and this new strategic-partnership between the two companies in this category, is sure to greatly improve Xiaomi's position in terms of LCD TV.
A first step is the fact that, the Xiaomi India has announced the upcoming release in a few days of the largest LCD TV ever made by the Chinese company.
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