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Xiaomi acquires small stake in TCL, the world’s third-largest LCD TV maker

TCL-32E4300 3D TV, Xiaomi acquires small stake in TCL January 2019
TCL-32E4300 3D TV
The 0.48 percent stake acquisition comes less than a month after Xiaomi and the world's third-largest LCD TV manufacturer, TCL, entered a strategic partnership that involves joint efforts in many fields. The agreement focuses on the development of various hardware parts and the integration of TCL devices into Xiaomi's ecosystem of IoT and smart home devices.
Codrut Nistor,
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According to its Q3 2018 financial report(PDF direct link), Xiaomi's IoT and lifestyle products segment was the fastest-growing one during the given period. The Chinese company has managed to sell over 5 million smart TVs in the first nine months of last year, so its recent agreement with TCL does not come as a surprise.

According to a recent statement that Chinese home appliance maker TCL issued to the Shenzhen Stock Exchange, Xiaomi has acquired 65.2 million shares, or 0.48 percent, of the veteran LCD TV maker. The direct consequence of this agreement was the 4 percent jump in the morning trading today, which pushed TCL's market cap to US$36 billion.

This financial agreement is not the first time Xiaomi and TCL got together as the companies already inked a strategic partnership at the end of last December. This partnership is mainly about combining the R&D efforts of the two companies in the hardware department and aims to make it easier for TCL devices to become a part of Xiaomi's impressive ecosystem which is already populated by almost 100 brands — in addition to Xiaomi's own devices, of course.

In the third quarter of last year, Xiaomi managed to ship almost 7 million wearables, while Apple and Fitbit grabbed the second and third positions in the market, with 4.2 million and 3.5 million units shipped. Although Xiaomi is widely known for its affordable smartphones, this Chinese underdog seems to have quite a few aces up its sleeve, so what would you like to see next from Xiaomi? An affordable electric car, maybe? Let us know in the comments below.

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Codrut Nistor
Codrut Nistor - Senior Tech Writer - 5435 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2019 01 > Xiaomi acquires small stake in TCL, the world’s third-largest LCD TV maker
Codrut Nistor, 2019-01- 7 (Update: 2019-01- 7)